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Academic district to provide tithe of Yekaterinburgs new housing, Rustem Galeev says


30.09.2008. : public
The current construction of Yekaterinburgs future Academic district is definitely going to have an impact on the citys housing market as a whole, since a lot of new, good quality dwellings will be put up, says Ural Chamber of Real Estates 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 citys new housing expected in 2009 comes to about 1 million square meters altogether. This means Academic will provide 10% to 15% of the citys new apartments, he notes.