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New buildings in Novosibirsk have risen in price by almost a quarter in three years

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Новостройки в Новосибирске за три года подорожали почти на четверть

New buildings in Novosibirsk have risen in price by almost a quarter in three years

Novosibirsk ranks third in Russia in terms of rising prices for apartments in new buildings. Over the past three years, new buildings in Novosibirsk have risen in price by 23.7 percent. In July of this year, a square meter in a new house began to cost 66,500 rubles, while in July 2016 its price was 53,742 rubles.

Experts analyzed the price dynamics for apartments in new buildings in 63 major Russian cities from July 2016 to July 2019. According to the results of the study, for 3 years the prices for apartments in new buildings increased in 45 cities, decreased in 18. -rasrochky/">new buildings cities is Sochi. The cost of a "square" here has been rising throughout all three years and has grown by 53.4 percent. In second place after Sochi was Irkutsk with a positive dynamics of 24.1 percent: the cost rose from 50,081 rubles in July 2016 to 62,141 rubles in July 2019.

Over the same period, prices for apartments in new buildings decreased the most in Makhachkala - by 13.1 percent. Sochi is the leader among the most dynamic cities in terms of price for new buildings. The cost of a "square" here has been rising throughout all three years and has grown by 53.4 percent. In second place after Sochi was Irkutsk with a positive dynamics of 24.1 percent: the cost rose from 50,081 rubles in July 2016 to 62,141 rubles in July 2019.

Over the same period, prices for apartments in new buildings decreased the most in Makhachkala - by 13.1 percent. Sochi is the leader among the most dynamic cities in terms of price for new buildings. The cost of a "square" here has been rising throughout all three years and has grown by 53.4 percent. In second place after Sochi was Irkutsk with a positive dynamics of 24.1 percent: the cost rose from 50,081 rubles in July 2016 to 62,141 rubles in July 2019.

Over the same period, prices for apartments in new buildings decreased the most in Makhachkala - by 13.1 percent.
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