In Altai began speculative buying of land and property

In Altai began speculative buying of land and property

In the Altai region, which is one of the four regions where it will be allowed in the gaming business, sharply, tenfold spike in the price of real estate. There is also an increased interest in the plots. Local authorities believe that this is due precisely to the prospect of building casinos and entertainment venues in the area. However, some experts in the real estate market are skeptical and say that similar processes occur in other regions of Russia, RBC daily.

In the Altai region in the gaming business will be allowed in the Smolensk region. To create modern infrastructure region to get the federal budget in the amount of 13 billion rubles. The local administration maintains that the end of last year in the Smolensk region celebrated high demand for land and property. House prices, regardless of their condition, soared to ten times, and in the first days of January were received about 60 applications for the allocation of land to build on. Among the buyers primarily businessmen from Moscow, there are also representatives of the neighboring regions, has made a number of deals with the citizens of Latvia. According to the speakers RBC daily, most of the purchases made for speculative purposes.

Experts, however, point out that the transformation of the area into the playing area will last for years: there are now desperately short of infrastructure, particularly roads and high-quality hotels.

Head of development and promotion of the company Sergei Fedorov Praktis indicates that buying land is also under way in the Kaliningrad region. But there it is justified, “given that experience in the construction of office and retail properties in the area have already accumulated.”

Director of the Department of warehouse and industrial real estate company Colliers International Maxim Shakirov looks at what is happening in the Altai region differently. In his view, such a situation is typical for all regions where capital comes from Moscow. Shakirov said that in connection with the implementation of the law on gambling region to get government funding, therefore, the conditions for business development: “The entertainment industry, ski resorts, holiday homes and cottages – entrepreneurs will choose exactly where to invest.”