Record-breaking sales in Sochi: Over 800 luxury apartments change hands for more than a million dollars each, per square meter
In the vibrant city of Sochi, the real estate market is buzzing with activity. The "ONIX Real Estate" agency has been closely monitoring the prices of apartments and flats in Sochi's new builds, and their recent findings suggest a significant surge in prices.
According to the agency's data, a total of 837 apartments and flats are currently up for sale in Sochi's new builds. Among these, prices are high, with many options exceeding one million rubles per square meter.
The project under development in the Hostinsky District stands out, with the current highest price per square meter in Sochi's new builds at an impressive 2.5 million rubles. This project, though not explicitly named in the provided search results, is attracting a lot of attention due to its premium pricing.
A 100-square-meter apartment in the Hostinsky District project, located on the 23rd floor of a 28-story complex, comes at a price of 250 million rubles. This luxurious apartment is just 400 meters from the Black Sea, offering stunning sea views.
Interestingly, the Adler District boasts the highest number of apartments and flats priced at one million rubles or more, with 558 units.
Prices for apartments and flats in Sochi's new builds have been on the rise, a trend that has been attributed to the analysts at the "ONIX Real Estate" agency. Previously, it was reported that nearly 500 apartments in Sochi are being sold for over 100 million rubles.
The high prices in Sochi's real estate market are not unique to new builds alone. Analysts have reported that prices in Sochi are significantly high, reaching over 2.5 million rubles per square meter in new builds.
As Sochi continues to attract investors and tourists alike, the real estate market is expected to remain dynamic, with prices likely to remain high in the foreseeable future. For those looking to invest in Sochi's property market, it's a market worth watching closely.
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