Mayor Sergei Sobyanin’s emphasis on developing social and transportation infrastructure over the housing market could lead to significant price increases for residential real estate in Moscow, according to a director of one of the city’s largest realty agencies.
“In the upcoming year, year and a half, the price for apartments could increase as much as 20 to 30 percent,” said Penny Lane’s elite real estate director, Alexander Ziminsky……………………………………….Full Article: Source