Autumn wait a second wave of fall in property prices

Nedvizhimost04-05-2009 autumn wait a second wave of fall in property prices last six months, buyers of apartments in Moscow, waiting for the stress of falling prices. Vendors on the contrary strongly bent his line, and extremely reluctant to make concessions. To date, such as a collapse in property prices, both in the U.S. in the Russian capital has not happened. However, experts advise owners of flats to be compliant. From the second wave of crisis no one is immune. Autumn possible new period of falling prices. Although the total collapse of housing prices in Moscow did not happen, the sector of residential real estate - both urban and suburban - now transformed from a market seller in a buyer's market, said Bigness.ru Head of Research Center Corporation Incom. Dmitry Taganov. For example, April 20-26, even with the slight decline, the volume in the secondary market amounted to 36,723 apartments in Moscow and 25,589 apartments in the Moscow region. At the same time, effective demand dropped significantly. Under these conditions, sellers are forced to concede, said D. Taganov. It should be understood that the "label" prices in advertisements reduction is not always reflected, some sellers price lists do not differ from pre-crisis. In fact, it is possible to agree on a discount of 5-15% from the originally stated price of the apartment.