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New buildings in Sochi in February rose by 38%

Business in Russia by Business in Russia
in Real Estate
New buildings in Sochi in February rose by 38%
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New buildings in Sochi in early 2023 began to rise in price at a record pace. The Realty Times was told about this by the experts of the Onyx-Realty company.

According to the report, according to data for February 2023, the average cost per square meter in the secondary fund of Sochi reached 287.2 thousand rubles per 1 sq. m. m. Over the year (since February 2022), the average secondary “square” has become more expensive by 22.77%. If we talk about specific figures, the growth amounted to 53.2 thousand rubles. In February 2022, the average price per square meter was at the level of 233.9 thousand rubles.

In the monthly dynamics of the past 12 months, real estate prices rose the most in June 2022, when the average price per square meter increased by 12.1% – by 29.2 thousand rubles. in terms of money.

– The most significant decrease in the average price as part of the monthly dynamics was recorded in December 2022. In the last month of last year, the average price fell by 1.85% compared to November. In absolute terms, the price decreased by 5.4 thousand rubles, the report says.

In the segment of new buildings, the growth of the average price per 1 sq. m. for the year amounted to 38%. In absolute terms, the square in the primary market of Sochi increased by an average of 94.8 thousand rubles. Now you can buy a new square meter in Sochi for an average of 344.5 thousand rubles.

According to agency experts, the most significant growth for the year was noted in February 2023. In the second month of the current average price of a square in the primary market increased by 12.59% compared to January. This growth has become a record for the last 2 years. In absolute terms, the growth amounted to 38.5 thousand rubles.

As a reminder, we previously reported that real estate prices in Sochi would rise due to new building restrictions.

Message New buildings in Sochi in February rose by 38% first appeared on the Realty Times.

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