Fukushima hits real estate prices in Russia
A meteorologist monitors radiation levels in the Far Eastern city of Vladivostok following the nuclear accident at Fukushima.
Russia continues to feel the fallout of the continuing nuclear disaster at Japan’s Fukushima plant – but not in the ways you might think.
Apartment prices in the Far East, Russia’s Pacific region closest to Japan, have dropped an average of one percent since the earthquake and tsunami prompted the world’s worst nuclear accident since Chernobyl, Vedomosti reports.
“Seismic activity in the region, the territorial closeness to Japan and the fear of radiation from the neighboring Fukushima nuclear station – all these factors can push Far Eastern Russians to the decision to move to the country’s safer regions,” the paper writes.
Prices in Khabarovsk have fallen 4.6 percent and 1.2 percent in Vladivostok, analyst Viktor Shchebletsov told the newspaper. He expects prices to fall even further.
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