Nedvizhimost24-09-2008 to remain calm: psychosis bring down real estate market not breathe! Residential real estate market reeling. Developers are on the brink. Step left, step right - and that created great difficulty, could collapse in an instant. The consequences of hasty decisions and panic will lead to catastrophic consequences - warns expert Bigness.ru, vice president of the Association of Builders of Russia, Vladimir Ponomarev. In a telephone interview with our business portal Ponomarev tried as objectively as possible and with great caution to answer questions posed by a journalist. Vladimir Nikolayevich, recently appeared claims that even large developers are willing not only to revise the strategy for its further development, to abandon development of new projects, but also started to freeze. Why is this happening? Yes, I know that many developers already have a tendency to freeze the beginning of new construction. For several reasons. Firstly, we have observed that the tightening of the rules of mortgage lending, high cost per square meter of housing had not at the hands of those who offer housing on the market. Now we can say that there is a delay in sales of apartments. I can say that without exception, the developers are experiencing serious financial difficulties associated with the sharp increase in the risk of non-realization of housing.
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