Prices for apartments in premium-class new buildings rose by 6.9%

02/03/2012

Prices for apartments in premium-class new buildings rose by 6.9%

According to researches made by analysts of Knight Frank, IntermarkSavills and Ernst & Young companies the average price per a square meter in new elite building makes up 20.8 thousand USD. Prices for apartments for sale in elite segment increased in the 4th quarter of 2011 year by 6.9%.

 At that the average price of one square meter in the initial constructing stage buildings made up 13.6 thousand USD. Prices for elite real estate increased during 2011 year by 6.7%.

The average price of ready-to-move apartments decreased by 1.7% and made up 23.8 thousand USD per 1 square meter. Apartments in building under middle construction stage rose in price considerably (by 7.5 %). One square meter costs their 18.9 thousand USD.