Real Estate Market Analysis
Khabarovsk city as well as in other Russian cities is exposed to macroeconomic trend influence though has its specific features. accommodation prices greatly vary depending on the location of flats. Thus for the proper accommodation value assessment it’s better to divide the market into three location zones: Center, Northern and Southern districts. The analysis provided in the present Article is based on the assessment of the most liquidaccommodation – one-room apartment of new design.
we can make a conclusion that the market is standing still waiting for more cost dropping, though predicted by many analysts decrease is not anticipated. In such circumstances a customer is passing out of sight waiting for prices collapse. But as soon as a slight hint appears, demand will flow into the market and one more rise of prices is unavoidable.
A year ago the average price of one-room flat of new design on one of the central Khabarovsk streets – Lenina st. totaled 2300 kRUR, in June 2009 the cost of similar apartment was hardly less than 2250 kUSD. The explanation is that the demand for the apartments in Central part of Khabarovsk city was always high, and even during crisis period customers are not going to decrease their prices. If a bargain is not urgent, most people prefer to wait for better opportunity keeping the same level of price. In addition to that the accommodation price on the secondary market and on new building market doesn’t significantly differ: in the housing estate “Amurskiye zori” an average flat of 42 s.m. costs 2300 kUSD along with the so-called brezhnevka (old-design flat) of 32 s.m.
Tags: Apartment, Building, Khabarovsk City