Real Estate In Novosibirsk In May Fell

A report published on the official website of the company. As analysts, the trend to lower prices continues to be present in virtually all segments of the real estate market of Novosibirsk. Market prestigious urban housing demonstrated a reduction in the price of 1 sq.m. in the primary market amounted to 2.5 percent. Tellingly, in the secondary market price of 1 square meter has remained virtually unchanged compared with April of this year. Office market Property also noted a decline in prices. Average cost of 1 meter dropped to 3.56% (maximum decrease was observed in the Kalinin district of the city).

Approximately the same drop in prices noted in rental rates – 3.81% (the highest decrease was observed in the Kirov district of Novosibirsk). On the retail market price drop less significant. The average sale price for May 2009 fell to 2.06% (the greatest decrease noted in the October district). Analysts note that rental rates for commercial property in the same period remained virtually unchanged. Leader fall in May, as noted above, the rental market has become warehouses.

In May 2009, the average price for 1 sq. m. warehouse fell by 5%. At the same time offers to sell stores remained at the same price as the previous month. The only segment of the real estate market in which prices observed today – country houses and cottages located in the city. However, he can say symbolic. The average cost of country cottages in May rose by 1.65%. Price of suburban real estate rose by 1.57%.