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Moscow: Real estate bubble

Posted on 24 August 2010

From Mn.ru: A lack of residential construction is pushing up prices and threatening a new real estate bubble as demand for housing outstrips supply. That’s the message from Prime Minister Vladimir Putin, who last week warned that Russia faced a housing bubble similar to the one that hit many countries before the crisis that struck in 2008.

“A possible repetition of the pre-crisis conditions, when we were faced with rapid growth in apartment prices – this is what we must not allow,” Putin said at a meeting on housing construction in the Moscow region…………………………………….Full Article: Source


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