Countryside real estate investment
Experts are inclined to believe the Moscow real estate market increase in the beginning of 2008 and the sharp a hike in prices per square metre to be mostly a short-term phenomenon. The drop of USD currency rate to some extent supports a semblance of advancing prices, but this semblance attracts a few. Anticipation of stagnation makes investors look more often at more attractive projects in terms of investing money – such as recent development in Moscow region and suburban real estate.
Current projections concerning the real estate market in Moscow region are quite optimistic. According to Zhanna Shcherbakova, the director of Real Estate Department Miel Brokerage, the growth of prices for cottages in Moscow region will be at least 30%. I is still profitable to invest in both the land and the recent development. A lot of individual middle-class investors already left the Moscow market as the prices had been too high for them. Nowadays they can afford purchasing an apartment in a house under construction within the reasonable distance from the Moscow Ring Highway (MKAD).
According to MIAN analytical service, in February, the average cost in the primary market was $1,981 or 48,535 rubles per square metre in Moscow region, and $3,066 dollars or 75 117 rubles per square metre in Moscow suburbs. Stressing that the Moscow market had already reached its highest point, experts expect the housing prices in Moscow region to get closer to the prices in Moscow, so the potential for growth is quite high here.
As for choosing a direction, the most popular ones among investors are Balashikha, Krasnogorsk and Domodedovo, reports RBC-Real Estate.
18:14 04/04/2008
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