Infrastructure

Infrastructure

Sales and prices in secondary housing market continue rising - STUDY

26 February 2014 15:12 (UTC +04:00)

MBA Consulting Group told APA-Economics that average price calculated in the market increased by 3.71% from $1807 per sq m to $1874 per sq m.

The rise of prices can be attributed to the fewer real housing proposals in the market and suppositions among the people on the increase of prices from next year. Rise of petrol prices in December last year can also be named as one of the reasons of these suppositions.

The study has found out that most of the sale portfolio last month were cheap houses, this is connected with the conjuncture of the market or character of the demand. The share of expensive houses in the proposal portfolio dropped from 45.42% to 44.17%, the share of cheap houses rose by 2.3% and reached 55.83%.

The rise of purchase and sale transactions in the market resulted in the drop in the total proposal portfolio and term of property exposition. The term of property exposition consisted of 90 days. The changing structure in the housing market and price index rose by 3.74%, permanent structure by 3.37%.

In January, old houses mainly decreased in French, Kiev and Experimental project buildings. Number of rooms in the houses changed and mainly, number of three-room houses declined. Two-room houses increased.

Average prices and price indices increased in January. Average price rose 3.71% to 1,874 USD/m² from 1,807 USD/m². The price rise in secondary market was caused b continuation of seasonal months and structural changes in the portfolio of supply. However, average price of expensive houses rose 4.75%, cheap houses – 2.40%.

The houses with the prices of $85-95,000 have 35.9%-share in total portfolio. Number of rooms is 2.57, average sale price of per room - $ 65,983, average price of house - $166,937, face value - $ 143,763, with permanent structure - $ 119.982. The price rise mainly recorded in Italian, French, Minsk houses.

According to researches, the price index of houses across the city increased as expected.