Nedvizhimost15-09-2008 Gennady Sternik: wait reduce the cost of housing in Moscow pointless meltdown the real estate market is not far off. Price per square meter is already showing negative growth, in particular, the housing of middle and business class. Such a trend will develop further, some analysts believe. Reasons for the decline in prices weight: the inaccessibility of one square meter, the instability of financial markets, higher mortgage rates. According to analytical department of the Bureau of Real Estate "Agent 002" in August this year, the cost per square meter in new economy class in Moscow decreased by 0.7% to $ 4,104. The proposal in this segment increased by 51.4%, a low background of previous figures, is only 100 apartments. In business class, the number of apartments increased by 34.3%, the average cost per square meter decreased by 0.1% ($ 6,523). In elite new square meter has lost $ 231 and now its cost corresponds to $ 17,320, the proposal has increased by 19,4%, the newspaper "RBC-Real Estate. According to the "Analytical Consulting Center MIEL average house price average and economy classes decreased to 123.9 thousand rubles per sq m (-2.3%) and 99.0 thousand rubles per sq m ( -9.3%), respectively.
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