Academic district to provide tithe of Yekaterinburg’s new housing, Rustem Galeev says

‘The current construction of Yekaterinburg’s future Academic district is definitely going to have an impact on the city’s housing market as a whole, since a lot of new, good quality dwellings will be put up,’ says Ural Chamber of Real Estate’s CEO Rustem Galeev.

‘As far as I know, about 150,000 square meters worth of housing will be completed in Academic next year, while the amount of the entire city’s new housing expected in 2009 comes to about 1 million square meters altogether. This means Academic will provide 10% to 15% of the city’s new apartments,’ he notes.

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