Thursday, November 10, 2011

Housing prices: a hidden drop

Nedvizhimost23-03-2009 housing prices: a hidden drop uncertain situation on the Moscow housing market starts to become clear. Analysts are no longer afraid to predict the bottom of the crisis, and openly declare a significant decline in housing prices to fall. However, the boldness of experts in the estimates fall in prices is still very different. Chairman of the Board of Directors "Miel" Grigory Kulikov made a bold statement: he said, the decline in prices in the secondary market in October 2008 in the actual transactions amounted to about 50%. "This downturn in recent memory has ever had. In Moscow, the correction in the dollar prices of proposals for housing, excluding elitki is 43%. Actual transactions prices are even lower - 50% correction in the currency, compared with October 2008 ", - quotes its words with RIA Novosti. As pointed out by G. Kulikov, the housing prices in the central region will begin to grow again not soon, "but their capacity falls in the actual transactions are almost exhausted." However, as already written Bigness.ru, before the crisis, the prices were overheated just for new buildings. If a correction in prices for real transactions only segment of second homes accounted for 50%, what could she be in the segment of primary residence? However, as it turned out, not all experts agree with the bold statement of "Miel".

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