Suburban Housing Market Operator
- How would you describe the situation in the housing market of Moscow and St. Petersburg? What objects in demand customers? – And in Moscow and St. Petersburg at the same time there is a realization of deferred demand, taking shape in 2008 year. The number of transactions, prices have stabilized for the surcharges have become more involved mortgages. There has been a positive price adjustment in the lower price segment. Over time this will lead to higher prices and more expensive apartments sold in the course of alternative transactions. The similarity of the two markets is also manifested in the fact that now the most active customers, improve their living conditions, rather than those who guided by an investment interest.
- How do these factors affect the conduct of long-distance transactions? – Transactions with the housing between the two capitals occur regularly and did not stop even during the crisis. In carrying out their "MIEL-Brokerage" cooperate with the corporation "Adveks. Real Estate. " Cooperation debugged within the same company and within a few years. One-way traffic "in Moscow," today there is, after the crisis has become more customers, selling real estate in Moscow, to purchase a house in St. Petersburg. Incipient price increases led to reluctance of participants to break the chain of exchange in a washout of the cheapest offers. Purchase must immediately after the sale of 80% of cases.
Prior to the crisis in the inter-regional trade was a large share of investment purchases, and sometimes it reached 50%. Today, people realize the plans to improve housing conditions. – Who are your customers today, to move from one capital to another? – Quite a few customers trying to purchase a house in Moscow within the proceeds from the sale of housing in St. Petersburg amount without attracting borrowed funds to supplement, or using them to minimum. In this case, customers get a smaller flat or square footage in less prestigious, because the price difference is around 40-50%, in Moscow square meters of housing costs on average 150 thousand rubles., In St. Petersburg – 80 thousand rubles. If there is a need to move to Moscow, and the family structure does not allow to reduce the living space, solution could be to purchase houses in the Moscow suburbs. The prices for housing in full compliance St. Petersburg, on the part of infrastructure and transport links nearby satellite towns are not inferior to the outlying areas of Moscow, and the quality of housing often surpass them. In the suburbs, mostly being built luxury housing, monolith-brick, with modern planning and adequate areas of apartments. There are options when a person is fully assimilated in Moscow and sells abandoned when something "just in case 'apartment in St. Petersburg, to improve his Moscow home. There are certainly people that are configured primarily to comply with certain criteria for new housing, but do not meet the specified budget purchase, but they are fewer. During the period of rising prices buyers are not afraid to borrow the difference. Loyalty terms of bank lending to allow focus not only on available funds as on preferences – on consumer characteristics, on the site. Today mortgage terms offered by banks, tend to pre-crisis indicators, and the number of mortgage deals is increasing. Read more …
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