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Russian house prices fall, despite economic recovery

Posted on 06 August 2010

From Globalpropertyguide.com: Russian house prices dropped 7.56% during the year to Q1 2010. When adjusted for inflation, house prices fell 13.8% over the same period, according to the Federal State Statistics Service (Rosstat).
Property prices started to weaken in late-2008. In March 2010, the average price of Moscow newly-build elite property was US$19,475 (RUB593,372) per square meter, according to Knight Frank……………………………………….Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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