Wednesday, November 2, 2011

Builders are retreating from the regions

Nedvizhimost14-12-2008 builders are retreating from the regions to freeze construction in Moscow said repeatedly. What happens in the regional construction sector? A couple of years ago, marked a shift of the construction boom in the region. Today, alas, the developers returned to Moscow. However, regional builders have some advantages. Director of the Department of Consulting, analytics and research Blackwood Olga Shirokova stated that the property market as a whole is stagnating. Development companies are frozen projects at an early stage and are looking for options for the completion of ongoing projects. It is also obvious decline in prices, she said. It should be noted that the local crises, unrelated to global market conditions began to appear in the regions even before they came to the financial crisis, said Oleg Shirokov. First of all, it concerns real estate - a sharp rise in prices in earlier periods made housing unaffordable not only for the general population, but also for the relatively wealthy middle class. If we analyze the application of large companies, then traced the next position of many developers - from the regions back to Moscow. " According to O. Shirokova from Blackwood, suspended or completely "roll up" regional projects. At the same time assert that in all regions of the construction will stop, - false, clarified our interlocutor.

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