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EUR 63.72

23 January, Monday

Ufa   °

High demand for new housing is registered in Ufa

Money

Ufa still faces shortage of new houses and experts say this is one of the most actual problems in sphere of Ufa realty. The chairman of the Association “Professional Participants of Realty Market RB” Alexei Shedgin says the absence of new building sites can be explained by several reasons.

“First, Ufa faces the shortage of free building sites, there are only infill constructions but big integrated projects are still absent. No engineering infrastructure is erected at the expense of the city and these works are done by developers” – he reported – “At the same time the demand for new housing is high – about three million square meters”.

Specialists also say that there are many investors, wishing to invest money and erect housing in Ufa, including federal developers, but many of them are frightened off by the existing administrative obstacles.

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