The cost of economy class housing in the ARC decreased by more than 2 times





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10.01.2011 19:29
Real Estate Market Analysis | The cost of economy class housing in the ARC decreased by more than 2 times Today the real estate market of the Crimea is uniquely alive, since the low prices encourage the resurgence of demand, said Konstantin Savin, managing partner of investment and development company "Pragma" (FA "Brigantine").

"As the summer residences of apartments are in high demand with the possibility of residence, as opposed to flats, where it is impossible to register and there are complex nuances in the field of taxation", - said K. Savinov. The most popular summer residence of the area of 50-60 square meters. m. In the higher price segment of buyers' interest cause suburban housing in settlements club type with its own infrastructure and distinctive architectural or other features).

According to calculations K. Savinov, real estate cost of economy class decreased from $ 2000-2500 to $ 1000 per sqm. m. This is justified by the fact that the works are not renewed at all sites. Most construction is carried out through banks or strong investors who are able to attract to the project. However, low prices encourage the resurgence of demand for real estate, and today the market is definitely alive.
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