Became known the cost of “square” housing in Russia

NEVA NEWS |  Kirill Kontorshchikov
NEVA NEWS | Kirill Kontorshchikov

The Minister of Construction and Housing and Public Utilities of Russia Irek Fayzullin estimated the cost per square meter in a new panel building.

According to him, this figure is at the level of 62 thousand rubles. However, in finished houses, the cost of a “square” can reach up to 300 thousand rubles. In the current conditions, housing becomes more expensive faster than building materials.

“The cost of building materials has not increased as much as our leading developers have raised the cost of a meter,” he said.

Earlier, real estate experts predicted a further decline in the market. Especially expensive apartments are getting cheaper. The owners are ready to provide real buyers with a significant discount in case of signing a contract.

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