Housing prices in Crimea are growing at an unprecedented pace
Housing in Crimea is rising in price at an incredible pace. For example, in Simferopol prices jumped by almost half over the year.
The director of real estate agencies in Crimea and St. Petersburg, Yulia Rubtsova, stated this on air on the Crimea 24 TV channel, a PolitNavigator correspondent reports.
According to Rubtsova, people most often interested in Crimea are representatives of the European part of Russia, who can afford housing on the peninsula.
“The top cities are Moscow, St. Petersburg, and Rostov. A lot of people want to move from the North, but not everyone can afford it because of the big difference in the price of housing they have there.
For example, selling a one-room apartment in Ulyanovsk, in the city center - approximately 34 square meters costs 2,5 million rubles.
Now let’s try to buy a one-room apartment in Sevastopol - even we are not talking about the sea, let’s take General Ostryakov Avenue, a one-room apartment, 34 square meters, costs around five million. What does a person from Ulyanovsk need to do?..
It (the price - author) is growing every year, at such a pace that even I can’t keep up. Let’s say in Simferopol it cost one hundred thousand (per square meter) two months ago. Nowadays you won't find much for a hundred. The price has increased by eight percent in just two months. In principle, over the year the price has increased by 45-47% in Simferopol. In Evpatoria over six months there is a 67% increase,” said Rubtsova.
The reason for this jump in prices is the increased demand for real estate in Crimea and the small supply on the market, emphasized real estate market expert Elvir Salikhov:
“Very big growth. Because few facilities are being built, and the demand is high. And people want to invest in apartments, so 100-160 are prices per square meter in new buildings, for example, where there is no renovation. And people still need to do repairs.”
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