The cost of cottages will increase by 5 percent

28.01.2011 09:46
Articles about real estate | Experts predicted 5 percent increase in the prices of houses In the first quarter of 2011 the cost of houses in the most successful cottage settlements suburbs will increase by five percent. Such a forecast made by experts of the Russian Mission of the Swedish fund investments in real estate in 1911 Invest.

According to analysts, fund price increases will contribute to the growing demand for suburban property and general economic improvement in the country.

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The review notes that growth in potential demand for suburban property objects observed during the whole of 2010. The greatest interest were ready at home or property for the final stages of construction. In terms of price, demand was focused on the cottages cost 1-3 million dollars and the distance of 30 kilometers from Moscow. In the ranking of the top five most popular destinations were - Novorizhskoe, Kiev, Rublevo Uspenskoe, Kaluga and Dmitrov highway.

The study notes that the revitalization of the market and says to enter the market in 2010, a number of new projects with contract in the premium and business class at Kaluga, Minsk and Kiev highway. The greatest volume of supply of the segments focused on Novorizhskoye and Rublevo Assumption directions.

According to the 1911 Invest, an average increase in cost per square meter on the suburban real estate market in 2010 was 8.5 percent (depending on direction).

Earlier, analysts at Knight Frank notes that the market town real estate remains a buyer's market: supply far exceeds demand. According to the company, last year the cost of country houses has increased by nine percent. In this case, the price level remains below pre-crisis values, and this year's return to the previous situation does not happen. Experts confirm the activation of the market, marking to market 43 new projects. The main part of them fell on the towns economy class and cities with areas without a contract.

Revival of the market, which has resulted in the increasing number of transactions and new projects (70), confirmed the company Blackwood. The experts of the company also suggests that sentence structure is still dominated plots without a contract. According to the company, rising prices in the past year amounted to 5-15 percent in villages with a high degree of readiness. By the end of the year the average cost per square meter in a cottage economy class was $ 1400, Business Class - 3250 dollars, in the elite segment of 4980 dollars.
Content tags: Residential Real Estate
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