Regulating Apartment Size to Address Rising Housing Prices: Insights from Russian Realty Expert Konstantin Barsukov

2023-10-06 14:27:00

In Russia, developers should be prohibited from reducing the size of apartments to hide rising housing prices. This statement was made by a member of the Russian Guild of Realtors, real estate market expert Konstantin Barsukov.

“It is clear that developers are trying to hide the price increase by reducing the area. I believe that developers should be limited in this. If they are given the freedom, they will continue to strive to reduce the area in order to better sell apartments,” said Konstantin Barchukov in an interview with “National News Service».

The specialist emphasized that the housing area is changed only in middle-class apartments. According to him, such a measure is a feature of large cities, including Moscow.

Earlier, the vice president of the developer GloraX, Alexander Andrianov, said that in large Russian cities they began to actively reduce the area of ​​apartments due to rising real estate prices. Also, according to analysts from the Metrium company, the country has updated the record for reducing space in new buildings.

1696606152
#Realtors #proposed #prohibiting #developers #reducing #housing #area

Leave a Replay