Post-crisis house in the village

03.05.2011 17:30
Articles about real estate | Post-crisis house in the village Nizhny Novgorod suburban real estate market is gradually beginning to recover from a crisis of hibernation: the number of objects offered for sale, prices have stabilized and in some areas of the region have even started to grow.

The main parameter of any country real estate, whether cottage or villa is its location, says marketing director of one of the Nizhny Novgorod estate agents Irina Solntseva. Historically, in the Nizhny Novgorod region developed six areas in which classified rural property. Lyskovsky direction now - the most advanced, widely available on the market and the most unclaimed by buyers, which is due to good transport accessibility (federal highway Nizhny Novgorod - Kazan, Russia) and the presence of high water (the river Volga). Here is concentrated 25 percent of all available on the market offers.

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The second most popular destination - Zavolzhskoye. The reason for the high demand for housing in these places is simple - an excellent environment, the presence of the Gorky Reservoir. Pavlovian direction, passing along the Oka, is now being actively developed. Here we construct a lot of cottage townships, as well as sports and entertainment facilities. Arzamas direction until recently it was not interesting because of the lack of rivers. Now, however, here too, began to form a cluster of cottage settlements, and the proposals in this direction was rapidly increasing (23 per cent of all exposed in the region to sell suburban sites).

Bor area, which is interesting because of the reserved forests and the nearby Volga River, has recently also made great strides in terms of sales. This is the only direction which showed growth rates and home, and on land. Buyers no longer frighten even the huge traffic jams on the only bridge linking the Bohr and Nizhny Novgorod. Perhaps activation of the demand stems from the fact that there were prospects for the construction of a second bridge and the cable car across the Volga. Finally, and most undeveloped and prestigious area - Dzerzhinsk. This is due to the presence in the industrial area of ??Dzerzhinsk, a large number of chemical plants.

About 60 percent of the offerings on the market - it's rural property in a radius of 50 km from Nizhny Novgorod. At the same time last year the number of objects offered for sale has increased by 80 percent and another 20 percent - for the first quarter of 2011.

- It should be noted that in the first three months of the market generally still rocking, is gaining momentum, - says Irina Solntseva. - Also in March turned out to be cold and snowy. So we can expect this year's double the market growth.

In the market of land plots for individual housing construction of about 80 per cent of an area of ??20 hectare. In the most expensive Lyskovsky towards the average bid price of land within a radius of 30 kilometers from the capital of PPO is now 100 rubles per one hundred square meters, and maximum - 300 000. As the distance from the regional center, land prices fall by 15-20 per cent for every 20-30 kilometers. In 2010, land prices are not increased, but did not fall (except Bor direction), then there is stagnation in the market prevailed.

In the market town houses the largest proposal (80 percent) are in facilities worth up to 3 million rubles. This is mainly real estate, built in Soviet times. Cottages with all amenities, built in the post-perestroika time, the estimated 3 million more. Offer price different from the prices of real transactions mainly in the 15-20 per cent, the average time an exhibition of objects - 6-12 months.

According to Deputy Director of the Nizhny Novgorod branch of a Russian bank with foreign participation in equity Andrei Malyshev, recently identified three trends in the suburban real estate market. First, the borrowers have stopped to take out loans for the construction of suburban real estate, preferring to borrow to buy a finished house. Secondly, customers have become very sensitive to liquidity issues buy real estate. They want to make sure that in six months or a year can easily sell the purchased item at a price not lower than that paid for themselves. Another trend - consumers have become very cautious about buying a home in a cottage village. So now dominate the acquisition of homes in settlements already formed. This is due to negative reputational halo, which was formed at the cottage communities in the 2000's, when a number of projects simply collapsed, while buyers were left alone with their problems. Nizhny Novgorod is now not willing to invest heavily in starting projects. Only those developers who are able to build a settlement and bring it to communication with their own and loan funds, can now count on success.

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