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Moscow: Housing prices rise in priority shift

Posted on 01 November 2011

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


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