Bankers argue with Putin about housing prices

06.10.2010 16:50
Articles about real estate | Bankers argue with Putin about housing prices Another reason for analysts to smash his head - who to believe.

Estimating the main parameters that influence the cost of housing in Russia: the growth in incomes and above all - rising oil prices, and taking as basis the basic outlook on the Russian economy in 2010-2013, the experts of the Center for Macroeconomic Research, Sberbank of Russia tried to answer the question: Can we expect a rise in prices?

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According to the findings of researchers in the near future the Russian real estate market will recover, but slowly. By the end of 2010 the growth of the nominal ruble prices for housing in Russia will be minimal (about 1,5%). However, in 2011, the situation will begin to slowly straighten and in nominal terms can be fixed price growth to 6%.

Recall that in the peak of this yesterday at a forum "Russia is calling!" Russian Prime Minister Vladimir Putin has categorically stated that the government housing prices will not allow.

Vladimir Putin:
- The government will form an adequate supply in the property market in order to prevent the spike in prices. Now we see how the newly revived private demand, and therefore the emphasis of public policy are mitigated in the direction of stimulating the housing market.
Content tags: Housing
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