Expensive real estate rises in price

Due to the significant shortage of cheap real estate in the capital, luxury real estate continues to rise in price. At the same time, experts do not yet speak about a significant recovery in the real estate market. If we take into account the growth rates of the entire 2012, then for the first time a slight increase in prices for residential real estate was recorded. Only in the third quarter of this year, the cost of residential real estate rose by more than 2.5 percent. This growth is primarily due to the fact that cheap residential real estate is gradually being washed out of the local residential real estate market, it is not worth talking about the revival of the residential real estate market. At the same time, most luxury properties continue to be overvalued. They do not correspond to some requests that are formed by real estate buyers. At the same time, local analysts still do not predict further developments in the real estate market of the capital region. As for future plans, it will be possible to speak after the New Year, when development companies will present their plans for development.