Minsk sees this year«s highest price rise in secondary housing market

The median price of apartments in the secondary housing market in Minsk jumped by 3.08 percent to $1,129 for one square meter in October, the highest monthly rise since the beginning of the year, according to www.realt.by, an online center analyzing the real estate market.

The average price of secondary housing climbed by 11.34 percent in January through October of 2006 against a 46-percent rise in the entire year of 2005.

In October, apartments offered for sale dropped in number from 2,964 to 2,948.

The price of one — and two-room apartments increased by 4.3 and 4.4 percent, respectively. They rose by 13.05 and 13.68 percent compared with December 2005.

The highest median price was reported in the Tsentralny and Sovetsky districts, $1,312 and $1,286 for one square meter, respectively, while the lowest price level, $1,014, was reported in the industrialized Zavodskoi district.

Apartment prices dropped by an average of 2.13 percent in the Partizansky district in October.

The price of apartments in newly built houses ranges from $900 to $1,700 for one square meter in the Belarusian capital. The average price hovered around $1,100. //BelaPAN