Suburban developers abandoned elitku

17.09.2010 12:50
Articles about real estate | Suburban developers abandoned elitku For I half-year volume of new supply in the primary suburban real estate market fell 24% compared with the previous period.

Basically, the new proposal formed the settlements of class, while the elite facilities in the market did not work at all. Except for a few suggestions plots without a contract in the villages of premium. This is stated in the review of the company Knight Frank.

Related article: The demand for land purchase in the suburbs

Supply reduction occurs simultaneously with the rise in prices. In the II quarter of 2010 compared to the previous quarter, prices for Rublevo Assumption highway grew by 12,3% to 10,9% Novorizhskoye. With respect to II quarter of last year, the average price level in the II quarter of 2010 increased by 7%, calculated in the company.

According to experts, the volume of new supply will continue to replenish mainly due to economy-class townships. In the primary market is expected to reduce the number of elite cottage villages, where the sale are offered ready-made home. This is due to the fact that today the number of elite settlements, where construction is extremely small. Increasing the supply can be expected not earlier than two or three years.

Growing demand and limited supply of high-end segment in the primary market may lead to concentration of the main proposals in the secondary market, experts say.

In their view, it is expected to enter the market of large plots of land of 50 hectare to 4 hectares.

As for prices, then, the company forecasts this year are not expected to sharp fluctuations. Prices will rise, and if, it was mostly in the elite segment, ekonomsegmente they remain at current levels.
Content tags: Residential Real Estate
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