Muscovites get rid of dollars and buying real estate

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Operators of the real estate market made forecasts for next year. General attitude of experts optimistic: Moscow apartments becoming more expensive and will be more expensive.

In 2003 alone, prices rose by 30% – 35% in dollar terms. Given the fall in the U.S. currency, the ruble rate of about 25%, write “News”. 2003 not only surpassed the previous one, but even a record in 2001, when there was a revenge after the failure of prices in 1998-1999. But even if the dollar will fall further, the apartment will not be cheaper.

“The people ran away from the dollar, – says the head of the analytical center IRN Oleg Repchenko. – Those who set aside dollars to buy an apartment in a year or two, sharply intensified. Those who simply kept the savings for a rainy day in the U.S., in a hurry to get rid of them. The best way is to buy an apartment with the money for the purpose of resale or lease. ”

The following year, construction industry city government plans to build 5 million square meters of housing. According to experts, even then do not expect the saturation of demand.

“The whole 2003 the prices for housing in the suburbs, – Dmitry Popov, head of the analytical center of” Domostroy. “- Trends practically coincide with Moscow. Reduced exposure time of apartments in the suburbs, that is housing sold out quickly. I believe that continuing rise in Moscow in the Moscow region will push more and more new customers. ”

According to surveys, nearly half of Muscovites would like to improve their living conditions. Compared to people in other European capitals, the average Muscovite has half square meters. Plus, the problem of low-quality housing stock of Soviet development, the influx of immigrants from regions of Russia and CIS countries. In short, the thread wishing to acquire new housing will not dry up.

Various estimates suggest that the real incomes of many people in varying degrees, are increasing. For 4 years of economic growth, many have managed to save enough money if not for a flat “from scratch”, then at least in exchange for a fee. Analysts believe that if the 2004 is not going to happen any force majeure, the demand will exceed the performance of previous years.

The average price per square meter of Moscow real estate in new buildings is now $ 1400. Such prices Russia has never seen, but complain about the high cost meaningless. It turns out that it is nothing compared to Europe, where the average price of a meter hovers around 4 thousand dollars.

According to analysts, in 2004, the apartment will rise in price by 25%, and the price will reach $ 1,700 m.