FSR Real Estate
Posted: October 17th, 2012, 1:46 pm
Does anyone have experience with the price of real estate in Russia or Ukraine? The price of an average home? Then the price of a home similar to an upper middle class home (similar to that which is found in America)? I think one of the best ways a man can show a girl that he is ready for marriage and financially secure would be to own a home in her country. I read that in some cities like Moscow it can be as expensive as a good home in New York or more. What about smaller cities and suburban areas near cities?
http://www.worldpropertychannel.com/int ... s-2218.phpToday, Moscow's housing market continues to be one of the most unbalanced in the world with the cost of housing sometimes reaching over $20 million for luxury apartments in the downtown. High prices now affect housing located on the outskirts of the city. Today, the minimal cost a new home in Moscow is estimated at $5,000 per sq.m. (with the average Russian salary $550 per month), which is too expensive even for foreigners.
Russian experts believe that rising prices mean that fewer and fewer Moscow residents will be able to afford new housing, particularly young families. The property boom has brought with it unrealistically high prices, which are well out of reach of citizens and families who cannot fall back on the luxury of a high income. Instead, the flats and apartments are being snapped up by wealthy Russians and some foreigners, predominantly as an investment opportunity.