In September, house prices in Russia went up

11.10.2010 17:20
Real Estate Market Analysis | In September, house prices in Russia went up In September 2010, housing prices in Russia have shown a remarkable growth rates than in previous months, analysts say the real estate market.

According to data obtained REGNUM correspondent of the News of the analytical center "GdeEtotDom.RU, for the first month of autumn prices were higher by 0.4%, while in August 2010, growth in house prices averaged 0,1%. Growth rates in house prices are still below the inflation rate. He is for September 2010 amounted to 0,8%. Compared with the beginning of the year house prices in rubles on average in Russia grew by only 1.5%. At the same time, the rate of inflation to the end of September reached 6.2%.

Related article: Housing estates for the middle class became more attractive

One of the leaders in terms of growth in prices is still the capital, the experts state. In Moscow, the rate of growth of recent months, the inflation rate. In September 2010, prices in the secondary market were higher by 0.8%, as compared with the beginning of the year - by 5,3%. In the Moscow region the situation is different - the prices on the secondary market, not only do not grow past two months, and even somewhat decreased. And in the September 2010 average prices were 0,1% lower (on the secondary market). One reason for the multidirectional movement of prices for secondary housing market of Moscow and the region is a different situation on the market of new buildings.

According to the head "GdeEtotDom.RU Alexander Pypin in Moscow liquidity supply in the market of new buildings is reduced faster than in the Moscow region, and therefore demand a greater extent supplanted the secondary market, providing greater potential for price increases. Now in Moscow Region secondary market prices by 2,0% higher than at the beginning of the year. In St. Petersburg in September 2010 registered a decline in prices by 0,3% (after a significant growth - at 0.9% in August, 2010). Compared with the beginning of the year prices on the secondary market in St. Petersburg, higher by 0,6%, experts say.

An average of 12 major regional cities (Novosibirsk, Yekaterinburg, Nizhny Novgorod, Samara, Omsk, Kazan, Chelyabinsk, Rostov-on-Don, Ufa, Perm, Volgograd, Krasnoyarsk), average prices in the secondary market for September rose to 0 3%. In the seven months of 2010, growth in house prices in major cities up 2.1%.

Of the major cities of the country the maximum rate of price increases in September 2010 were registered in Nizhny Novgorod (0.6%) and Kazan (0,5%), and the decrease occurred only in Rostov-on-Don (0,1%). In medium-sized cities most prices rose in Izhevsk (1,5%) and Voronezh (1,0%). Price declines recorded only in Thule (-0.3%).

As analysts predicted, and in September 2010, the number of cities in which a growth in housing prices rose, while the number of cities in which there was a decrease in average prices had decreased substantially. In October 2010, the effects of higher inflation, the fall growth of business activity, marked increase in energy prices on world markets September trend of increasing rates of growth in housing prices could continue. However, while price increases will continue to be very symbolic in nature and will be comparable to the rate of inflation.
Content tags: Overseas property Housing
Did you like the material?Subscribe to our newsletter
Your comments:
Your opinion will be the first. Thank you for reading this article. I wish you happiness! Please share your opinion in the comment below.