Prices in Minsk`s used housing market reported up 12.9 percent in February 10:33, 13/03/2007
Prices in Minsk`s used housing market increased by 12.9 percent in February, according to the Realt.by real estate center. In the second month of 2007, the average price of apartments in Minsk rose by $174 to $1,519 per square meter, with the highest rise occurring in the prices of one- and three-room apartments, 14 and 15.4 percent, respectively.
The average price of two- and four-room apartments increased by 10.5 and 12 percent, respectively, the center said.
The supply fell from 2,280 apartments and single-family houses in January to 2,261 in February, according to the center.
The Tsentralny and Savetski districts remained to be the highest priced areas in Minsk, with the average apartment price being $1,854 and $1,707 per square meter there.
The Zavodski and Leninski districts were the cheapest areas in Minsk to buy an apartment. Their average price amounted to $1,436 and $1,494 per square meter, respectively. The prices of apartments in other districts averaged out at $1,560 per square meter.
The highest increase in housing prices occurred in the Zavodski and Kastrychnitski districts in February. They rose there by 15.4 and 15.9 percent, respectively.
The prices of newly built apartments ranged from $1000 to $1,700 per square meter.
The prices of housing to be built with the money of the future owner averaged out at $1,450 per square meter.
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