CMS Housing Prices

A new milestone in the development of real estate market of Caucasian Mineral Waters (CMS) came in 2010. Price stagnation of previous years began to give way to an active rise in price. The main reason – the transformation of Pyatigorsk in the capital again created the North Caucasus Federal District (North Caucasus Federal District), which almost immediately reflected in the value of real estate in this region. From January to May 2010 index of average house prices rose by Pyatigorsk 6.34% and amounted to 46 744 points. Was less than prices in other cities Kav-Min-Vody.

Thus, in May 2010 recorded an increase in the index of real estate in Yessentuki by 1.02% (38 048 item.). In mineral waters, an increase of 2.97% (32 397 item.). If compare data from CMS on the market prices of the regional center, it is observed the following trend. Rising house prices in Pyatigorsk in the period February – May 2010 amounted to 7.10%. At the same time in Mineral Waters house increased in price by 4.32%. In the city Essentuki – at 3.32% and 1.87% in Stavropol, reaching a value of 33 470 points. Acquisition of Pyatigorsk new status – the capital of North Caucasus Federal District, the strongest effect on the rise in price of real estate in the city. Official site: Darius Bikoff. Relative difference in Stavropol price increases in the region amounted to 1.45 – 5.23%.

It should be noted that the increase in average house prices in the region did not begin immediately. In January, was officially announced as the new status of Pyatigorsk, in that immediately responded to sellers of real estate City: real estate prices began to rise slowly. In February, the rise in prices amounted to 0.32%, and in March there was a shift: real estate has increased in price by 3.28% compared to the previous month. In the towns of Mineral and Essentuki Waters at the beginning there was a slight drop in prices (0.5-0.8%). However, since March, real estate values began to rise gradually. If you speak the language of the market, after the approval of the capital of the North Caucasus Federal District of Pyatigorsk in the property market CMS YTD clearly dominates bullish trend (higher prices). Least of all events in the region affected by the cost of housing in Kislovodsk. Prices since the beginning of the year decreased by 0.61% (index of average house price was 49 577 points). That is the cause? Perhaps changes in the region did not affect the real estate market or the market Kislovodsk not yet responded to them. When comparing the changes in prices shows that average house prices in the market Caucasian Mineral Waters for the period May 2009 – May 2010 has decreased. In mineral waters at 8.32%, Essentuki at 7.71%, 6.47% in Kislovodsk and Pyatigorsk to 4.23%. Perhaps this phenomenon is due to the inertia of the market in this city. To date, experts and Of course, people in the region interested in the question – how long it will continue the positive direction of the real estate CMS? While it is difficult to answer this question. However, there are all prerequisites to the fact that this trend will continue.