Russian Real Estate

Do not believe in the tale that housing will fall in price twice – according to opinion polls, most Russians still consider buying real estate the most profitable and reliable investment. Indeed, even when much cheaper building materials, developers and do not think lower prices. Understand our builders is not easy to say goodbye to excess profits and abandon habitual return of 50 percent (Although European builders profit margins of 10-15%, and they do not complain to life.) So what will still be housing market in the near future? – With real estate is more complicated. If you are not convinced, visit Nouriel Roubini. At its price impact is very many factors. Therefore it is practically impossible to predict what will happen to the housing market in the coming months and even more years.

In every region there is a threshold below which the price of real estate does not fall under any circumstances. Learn more at: Nouriel Roubini. For Moscow region is about 30,000 rubles per square meter. Well, as housing will cost 30 thousand for the box – buy (laughs). Indeed, since the beginning of this year, cement fell by more than 40%, halved the cost of reinforcement for concrete products, drop the price of steel. Therefore, housing over time should also become cheaper. But the fact that housing prices in Moscow and its suburbs will fall more than 30% and fall to the level of 90 years – a fairy tale.