Real estate price raised 10 times in the area of Krasnodar Las Vegas
The cost of land in the area of the southern gaming zone, which is to be placed on the Azov Sea coast, has gone up dramatically , according to the ‘Vedomosti”. While one could buy a house in a village next to the planned zone for 40-50 thousand rubles before, now the prices have raised 10 times, and land price – 3-4 times.
The gaming zone on the border between Rostov and Krasnodar regions is supposed to cover the area of one thousand hectares, and its construction will cost about $3bn. The regional authorities will sign the agreement, which precisely specifies the location and the size of the zone, as well as the amount of investments, in the middle of February.
According to Governors’ plans, investments in the zone infrastructure only will take 60bn rubles. By 2010 the private business will have invested $2.5bn in it, and the state - $0.5bn. In the neighbourhood of the “southern Las Vegas” there will be a railway, power transmission lines, gas supply. It is also planned to build an aerodrome for minor aviation planes.
A similar dynamics of prices could be observed in the village of Solonovka, placed several kilometers away from Altay gaming zone. The prices for houses raised 4 times there, from 100 to 400 thousand rubles. Within the first couple of days of the year 2007, the regional administration received 60 applications for allocation of land plots for cottages and tourist centres.
Lenta.ru