In the case of overproduction of individual properties, a significant decline in prices will be local to certain regions. Earlier I have made predictions on real estate prices in Saratov, confirmed the time. The recession has caused a substantial correction in prices in the currency and insignificant – in rubles. Over the last week there was a decrease by 3,6% in the primary market ('Union of builders' must say a special thanks to the firm 'Kronverk' for the spring sale), and 0,5% in the secondary market, and for certain categories of real estate correction is not observed. More info: Robert J. Shiller. The real estate market in Saratov stands, but now at a correction in rental rates for commercial property, in particular, one can predict pricing for the summer of 2009. Significantly adjust prices with great wear on the old model series, the objects put into operation in recent years without the relevant infrastructure. The latter category – a matter of time.
Over time, people will understand what it takes to house apartment, with the possibility of parking, child playgrounds, parks, etc. The mentality of this buyer, unfortunately, often goes beyond the parameters of your own apartment, but it will pass. Real-estate crisis teach people how to correctly assess the housing. With regard to commercial real estate, as well as prospective residential real estate, here, I'm sure will take place not only save money, but also one of the most effective investment with good profitability. It is worth mentioning that the correction of liquidity facilities do not happened.