The volume of housing construction in Crimea for three years fell 3.4 times

Types Of Sevastopol
Photo: Sergey Savostyanov/TASS

According to realtors, the average volume of supply on the market of new buildings of the Crimea is at level of 10 thousand apartments

After the annexation of Crimea to Russia in 2014, the volume of new housing on the Peninsula fell by 3.4 times, according to real estate company “best new Building”. If in 2013 in the Crimea was introduced 963,8 thousand sq m of residential property, by the end of 2014 already 634,2 thousand sq m, and at the end of 2015, only 250 thousand sq. m. the Decline in input was maintained until the middle of last year (96 thousand sq m in the first quarter), by December this had increased to 285 thousand sq. m.

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According to realtors, the average volume of supply on the market of new buildings of the Peninsula remains at the level of 10 thousand apartments. Mostly new apartment complexes are being built in major cities and on the southern coast of the Crimea. The pace of sales is irregular — from one to 20 apartments per month, depending on the project, according to the materials of the company.

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The development of the Crimean real estate market is influenced by a number of negative factors, the main of which — the weak development of the mortgage market, the sanctions, the lack of some real estate developers a full package of permits and the difficulties in registration of rights of ownership, indicate the realtors.

“Developers are faced with the problem of renewal of permits for the construction standards of the Russian Federation, which had shifted the timing of delivery of some objects. Also, in some cases, faults were observed with the supply of construction materials and difficulties with communication. In addition, after the audit, the number of projects and documentation on them, the construction of a significant number of objects was suspended, and for some of them the decision about the demolition,” — says the Chairman of the Board of Directors “best new Building” Irina Dobrokhotova.

Previously, experts of the Analytical center called SRG housing in the Crimean Sevastopol the most inaccessible to the local population. To purchase 1 square meter of residential property in this subject, residents need to save nearly 32.3 per month. This is due to the high cost of real estate and minimum cash income in the region — a total of 16.1 thousand.

At the end of January it became known that President Vladimir Putin supported the idea of development of the mortgage in the Crimea and the Crimean capital increase of banks. For 11 months of 2016 Crimean banks have issued 1.3 billion rubles of mortgage is only 0.3% of the needs of the population. Russian authorities have set the task to increase the volume of mortgages up to 60 billion rubles for 2017-2018.
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  1. Adonica says:

    Boom shalakaka boom boom, problem solved.

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