A new milestone in the development of real estate market of Caucasian Mineral Waters (CMS) arrived 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 property in this region. From January to May 2010 index of average house prices in Pyatigorsk grew 6.34% to $ 46,744 points. Was less than prices in other cities Kav-Min-Vody. Thus, in May 2010 the index recorded an increase in real estate in at 1,02% (item 38048) In mineral waters, this index increased by 2.97% (32397 para.).
If compare data from cms on the market prices of the regional center, the following tendencies. Growth in housing prices in Pyatigorsk in the period February – May 2010 amounted to 7.10%. At the same time in Mineral Waters housing increased in price by 4.32%. In the city – on 3,32% and 1,87% in Stavropol, reaching a value of 33,470 points. Acquisition of Pyatigorsk new status – the capital skfo most strongly reflected in the rise in price of real estate in the city. Relative difference in the Stavropol price growth 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%, while in March there was a jump in: Real estate has increased in price by 3.28% compared to the previous month. In cities and Mineral Waters at the beginning there was a slight drop in prices (0,5-0,8%). However, even in March the cost of real estate has been gradually rising. If you speak the language of the market, after the approval of Pyatigorsk capital skfo real estate cms ytd clearly dominates bullish trend (higher prices).