An auction for the sale of exclusive Olympic cottages, costing from 8.5 to 23m rubles, was held in Sochi on September 28th.
As the city press office told Construction.ru, all the realty belongs to the city municipality, which had received it from GC “Olympstroy”. All money received will be directed towards solutions to the city’s problems. 51 cottages with land lots of 3-7 acres are on sale.
These are one, two or three floor cottages with an area of 200 m2 each. They are located on a special guarded territory with historic and cultural heritage status 500m from the coast. No other buildings will ever be constructed there, and the existing ones, even after reconstruction, will not be more than 12 m high.