How much house for the state? At home in Russia for almost no price

Nedvizhimost27-10-2008 How much house for the state? At home in Russia for almost no price Writing Russians hope for their own housing and to support the falling Russian construction industry - under such a noble purpose, the State is planning an ambitious program to buy stale housing from construction companies. And, to buy housing will not "yesterday" (apparently meaning the "inflated" prices), and by "today" or even "tomorrow". That was the phraseology used on Monday, Russian Prime Minister Vladimir Putin, referring to the package of measures to support home builders. However, the pricing of Russian real estate market is "vague and opaque" nature, said the expert Bigness.ru. Indeed, in many Russian cities in recent days there is a decline in prices for apartments. This stems from the current temporary difficulties in the financial sector of the country caused by the global credit crisis. Banks have some problems with liquidity, as a consequence is unable to properly credit the real sector of the economy (the same building), as well as buyers - mortgage in Russia is practically curled. The decline in demand has turned a perceived decline in prices. While it is hidden, and is expressed in tangible discounts and gifts from vendors - from 30% of the advertised price.