Real estate market analysts find clue for deficit of apartments in Moscow
Real estate market analysts have revealed the reason for shortage of apartments in the Russian capital. Developers conceal apartments expecting growth in housing prices and thus hoping to sell at a higher price.
In January — March, the demand for apartments has grown, and the supply reduced, both to addresses and in apartments. “People want to buy, but taking into account the narrowing supply there is no opportunity for it,” Alexei Belousov, the marketing director of Capital Group is quoted as saying by NEWSru. Experts note that in the primary market of Zelenograd there is nothing on sale at all. In winter, developers were not hasty to put new objects on sale. Alexander Senatorov, the chairman of the board of directors of MIAN Group of Companies admits a possibility of suspending sales at the object in order to sell the apartments at a higher price after a while. The same model of behavior is not excluded by the chairman of the board of Mirax Group Maxim Privezentsev. He also stressed, that the financial status of the company allows it “to correct terms of sales at its objects and to sell major volumes of apartments closer to the completion phase of construction, but under higher prices.”
20:12 04/09/2008
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