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Home  »  Rostov-on-Don  »  Politics

Housing price growth in Russia has become more noticeable.

Market analysts point out that the fall of 2010, housing in Russia has become more expensive ..

Llety rise in house prices averaged in the Russian city was 0% in the week, now the growth rate of 0.1% week.

The same situation was at the beginning of the year when the housing market is "up" on a wave of pent-up demand. Autumn price increases in the housing market caused by the traditional seasonal revival of business activity in the market. It coincided with an intensification of price growth in the country as a whole. If in the first half, the average rate of inflation was 0.1% in the week, but now they have grown to 0,2% in the week.

For the week of 13 to 19 September 2010 house prices in Russia on average to 29 surveyed cities increased by 0.1%, ascertain specialists. Similar growth rates were recorded in the previous week of September. Since the beginning of the month rise in prices amounted to 0,3%. At the same time, the situation in financial markets last week remained stable and neutral with respect to the housing market. Events contributing to the growth or decline in housing prices in commodity and stock markets did not occur. RTS index for the week fell by 1,5%, the index of Dow Jones - grew by 1.4%, the price of a barrel of Brent oil grew by 1,4%. A sharp change in the ruble exchange rate against the euro (4,1%) did not reflect the long-term trends and prompting speculation of major market players.

Against the backdrop of stable economic situation continued slow recovery in the functioning of the construction industry, stressed the Austro study. Although, they said, the pace of commissioning housing continue to fall - in August 2010 handed to 4% housing less than a year earlier (Rosstat), but the volume of construction works start to grow. In August 2010, Rosstat builders performed on 3,4% more jobs than a year earlier, mainly due to the "unfreezing" of running even before the crisis projects.

For the week of 13 to 19 September 2010 the price index for housing in Moscow, according to experts, grew by 0.1% - up to 145,088 rubles per 1 sq. km. meters, surpassing the symbolic mark of 145 thousand rubles per 1 sq. km. m. Since the early months of the bid price for housing in Moscow on average in the secondary market increased by 0,6%. As predicted specialists by the end of 2010 the average price of housing in Moscow secondary market may exceed 150 thousand rubles per 1 sq. km. m. The price index for housing in Moscow region for the week decreased by 0.1% - up to 65,066 rubles per 1 sq. km. m. The index of housing prices in St. Petersburg this week has not changed and amounted to 81,014 rubles per 1 sq. km. m

Regarding the situation in Russia as a whole, it is a 29 week study with 13 to 19 September 2010 cities offer prices fell in 10 cities, and grew to 12. In other cities the price change was less than 0.1%. The maximum price increase proposal was the week in Naberezhnye Chelny (1,2%), Ufa (0,8%), Saratov (0,6%). In most asking prices declined in Volgograd (-0,8%), Thule (-0.5%), Tyumen (-0,4%).


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