10 April 2009, Friday, 10:36

Ufa dwelling cheapens

author: Olga Gorunova

For the first quarter 2009 prices in the secondary dwelling market of Ufa have dropped 11% on average, primary dwelling has cheapened 4%, dwelling rent rates – 7%, out-of-town dwelling has cheapened 8%, the cost of land areas dropped 18%, commercial dwelling has cheapened 25% and its rent has become one fourth cheaper, specialists of the realty network “The Expert” report.

Taking the 5,6%-inflation for the last three months and ruble devaluation into account the decrease, expressed in foreign currency, looks even more impressive.

Primary (abuilding) dwelling prices dropped the least and specialists explain this fact that the number of abuilding objects becomes shorter. They predict the shortage of new dwelling will be observed in Ufa by autumn so the developers hold the prices. There are certain grounds to consider that the present balance will become the “local bottom” for primary dwelling market of Ufa.

The rates of price reduction in the sector of commercial dwelling are becoming slower too. Certain stabilization is observed in the secondary dwelling market (small rise of dwelling prices – just 0,2% -  was registered in Ufa).