The cost of housing in the suburbs of St. Petersburg has increased on 4% since the beginning of the year |
Articles / The cost of housing in the suburbs of St. Petersburg has increased on 4% since the beginning of the year
In the I quarter of 2014 the average cost of m² in the economy class housing in the suburbs of St. Petersburg increased on 4%.
In the I quarter of 2014 in the Leningrad region 3.9 million m²of housing is being raised, which is 92.200 of apartments. The main building - 85% of the building area is concentrated in a suburban area of St. Petersburg (average distance is 20 km from the city boundaries) - is more than 3.3 million m². If compare with the results of 2012 - the amount of new housing has increased more than twice.
According to analysts Knight Frank, since the beginning of the year the average cost of m² in economy class housing in the suburbs of St. Petersburg increased on 4%.
Since the beginning of the year, the region has sold about 300 000 m² of housing, which is about a quarter of the total sales of all classes real estate in St Petersburg and the Leningrad region.
