Any participant of real estate market involuntarily considers what we shall expect in 2012 year. Shall we tighten our belts in the view of new crises wave forecasts widely covered in mass media? Besides idle curiosity regarding what economical prospects they have abroad customers have a great and vivid concern as for the economical situation in Russia in whole and in Russia real estate market and constructing economical domain in particular.
On this occasion the VI analytical business conference named “Real estate, constructing and financial market in 2012 year” took place on the1st of December, 2011. Prominent analysts and economists gave the reports on the issue of real estate market tendencies in 2012 year. There are several points of view as for this issues which are set forth in this article in brief.
The 1st one: The crisis hasn’t ceased. The author of this message is Mikhail Khasin, the President of NEOKON Expert Consulting Company.
Grounds: the situation in the world macro economy becomes more and more strained. The money supply increases. After the emission expected in summer 2012 petrol will rise in price, inflation by-turn will increase. Lending rates will go up as well and developers will be confronted with difficulties in getting credits.
The 2nd one: we shouldn’t expect crises next year. The author of this message is the Head of analytical centre “Real estate market indicators” Oleg Repchenko.
Grounds: the rise of money supply will not result in the price increase which took place in 90th. It’s more likely that so called “beflation” will took place next year: only irreplaceable products such as petrol and gas will go up in price. As for realty realm only unique and highly prestigious places as Monaco and London will be marked by price rise. Prices for apartments for sale in Moscow and its area will not rise considerably.
TendenciesBesides the forecast regarding a new crisis wave probability the analysts denoted the following tendencies in real estate market in 2012 year:
• About 30 new projects in central Moscow locations will be brought about in next 3-4 years in elite class segment (taking into consideration that only 4 projects were carried out the current year). Price index evolution is not to exceed 10% per year.