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SHORTAGE OF REAL ESTATE IS REPORTED IN SOCHI

... main resort of the Krasnodar Territory extremely slowly. Now only 200 thousand square meters are available for purchase, but in the next few months this number may slide down to 0. According to Kommersant, due to a housing shortage, the prices in Sochi will soon be able to outstrip the Moscow prices - by July a square meter may cost 370,000 rubles. The fact is that the volume of primary real estate in Sochi is steadily declining - according to some sources, it is no longer even about 200 thousand, but t 95.5 thousand square meters. ...

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