Nizhny Novgorod leads in real estate prices in Russia

The average price of 1 square meter of living are in Nizhny Novgorod is 62 thousand rubles.

06.Aug.14 12:59 PM
By Mihail Prygunov
Photo Toinnov.com

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Nizhny Novgorod leads in real estate prices in Russia

Gazeta.ru presented rating or provincial towns with the most expensive square meters of living area. Nizhny Novgorod is among 5 main leaders which have the most expensive real estate. The price has increased by 7% over the last year. The index of housing residents is 25 square meters per 1 person.

The overall volume of real estate commissioning has increased over the last few years. This led to a price increase. Development of mortgage has also influenced such situation.

The average price of 1 square meter of living area is about 60 thousand rubles in July 2014 which is 0.49% higher in comparison with the previous month. The most expensive real estate is indicated in new blocks of flats which are located in Nizhegorodsky district. The average price of 1 square meter of living area is 88 thousand rubles. The prices have also increased in Sormovsky district up to 54 thousand rubles for one square meter of living area.

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