Wednesday, May 24, 2017

Sverdlovsk housing market prices increase

According to a recent report from Oblastnaya Gazeta, the price of the Sverdlovsk region’s primary housing market has risen by 3.7 percent within the first quarter of 2015.

The result is that the cost per square meter for primary housing now stands at more than $1,160 (USD).

This increase has impacted the cost for all of the different kinds of apartments available in the Sverdlovsk region. To purchase an apartment with average quality, homeowners must now pay 5.2 percent more than they previously paid. The price for apartments with improved quality rose by 3.1 percent, and the cost of luxury apartments rose by 2.7 percent.

For apartments in the secondary market, the price now stands at more than $1,200. For a secondary apartment with improved quality, purchasers must pay 0.3 percent more than they would have paid previously. For luxury secondary apartments, the price has risen by 0.6 percent. Low and medium-quality apartments rose in price between 1.3 percent and 0.1 percent.

Organizations in this story

Oblastnaya Gazeta 101 Malisheva St. Yekaterinburg, Russia

Get notified the next time we write about Oblastnaya Gazeta!