The real estate market is preparing surprises

Nedvizhimost28-12-2007 The property market is preparing a surprise debate over whether there is a "ceiling" of prices per square meter, and how much they still continue to grow. Some frightening two-fold increase value in the near future, while others predict a stabilization of the market. That will bring us the coming year? On this we asked leading analysts of the real estate market in Russia. What was important last year for the market? Gennady Sternik - Professor, Department of Economics and Management of urban development "Plekhanov. GV Plekhanov: Over the past 6 years, prices have risen on average by 20-25% per year. In 2007, my forecast for Moscow confirmed accurately and in a row for ten months. House prices stagnate, ie, stabilization occurred. In late 2007 the price increase housing supply in Moscow resumed, and for the year it was 12%. Oleg Repchenko head of the analytical center "Indicators of Real Estate Market: The most important event, at least in the first half was stagnant and" rollback "prices back. In 2007, the prices not only stopped its growth, but decreased on average by 10-15%. But, rather, it was a temporary hitch in the fall demand more or less intensified price equaled the end of last year.