Source: Yahoo! —
According to the Restate platform, apartments are sold for an average of RUB 169,000 per square meter ($2,300 at the official exchange rate). This is still more expensive than apartments in new business-class buildings in Kyiv, which are subject to drone attacks and missile strikes by the aggressor. According to the LUN real estate monitoring service, in January, it was possible to buy an apartment in the capital for an average of UAH 72,400 ($1,800) per square meter.
Real estate in Crimea is likely to get even cheaper this year, due to a sharp drop in the number of transactions. The Ukrainian Armed Forces intend to de-occupy Crimea, and the United States is providing Ukraine with GLSDB missiles with a range of 150 kilometers, which will allow it to strike military targets on the peninsula.
Over the past few years, housing on the peninsula has been rising in price, bought up by Russians who have always dreamed of an apartment by the sea and moved to Crimea after its occupation in 2014. Volodymyr Zelenskyyt’s representative in Crimea, Tamila Tasheva, says that about 800,000 Russian citizens reside illegally on the peninsula. The growth of price was also observed in the first half of 2022. For example, in January 2022, according to Restate, housing in new buildings cost RUB 197,000 ($2,660), but in May it stood at RUB 199,000 ($2,690) per square meter. The market was preparing to overcome the psychological mark of RUB 200,000 per square meter in the fall when demand traditionally increases.
But instead, prices went down. A 27% drop in the fall compared to the beginning of the year was recorded by analysts of the Crimean real estate consulting company REM Navigator. Russian statistics are lying, as the former Minister of Resorts and Tourism of Crimea, Oleksandr Liyev, has said many times before. But even Russian data has to admit that the peninsula is facing problems and real estate has started to fall in price.
;
