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Russia: Luxury housing demand falls 30pct

Posted on 02 November 2010

From Themoscowtimes.com: The jump in demand for high-end housing, which had been forecast by many analysts, has failed to materialize, real estate firm Evans said in a report. Rental demand for luxury housing remained unchanged in the third quarter, compared with the preceding three months, while demand to purchase such properties fell by 30 percent over the same period.

Even last year, 5 percent more deals on the elite housing market were signed than in July to September of this year, the report said…………………………………….Full Article: Source


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