Experts have recorded decline in the popularity of real estate in Sochi

22.07.2011 09:44
Articles about real estate | Experts have recorded decline in the popularity of real estate in Sochi In Penny Lane Realty Company recorded a growing trend in the popularity of real estate in Sochi.

According to experts, one of the reasons affecting the development of the resort, it is the imposition of severe restrictions on the number of storeys of buildings, which affects the profitability of projects. "Under the new Master Plan of Development, adopted in 2009, the number of storeys of buildings should not exceed 6 storeys in the downtown area, - commented CEO of Penny Lane Realty George Dzagurov. - Do not lose sight of the fact that every developer must or wait for the Olympics to begin construction or complete the project before its implementation. All of this leads to a reduction in the number of new residential properties in town. "

Related article: The influx of foreign buyers creates a housing shortage in Paris

Thus, according to Penny Lane Realty, to date, the property market and business elite class resort project represented only 31 (about 650 thousand square meters. M). The average cost of 1 sq. km. m in the business class is about 100 thousand rubles. the elite - from 140 rubles. and above, which is comparable to the cost of real estate in Moscow (the average cost of 1 sq. km. m economy class - 100 thousand rubles. Business Class - 200 thousand rubles)..

Another important reason for the decline of interest in Sochi - the traffic jams. "In Sochi, the problem of transport accessibility is more acute than in the largest cities in Russia, behind the scenes he is considered the" slow "city of Russia", - noted in the company.
Content tags: Overseas property
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.