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Russia’s Etalon sees long real estate market recovery

Posted on 20 March 2012

Russian housebuilder Etalon said on Monday the country’s real estate market was still some way off pre-crisis levels and would continue to grow at least into 2013, prompting it to seek several new projects.
The company, which builds houses mainly in Moscow and St. Petersburg, said it contracted 270,000 square metres of property across both cities in 2011, compared to an adjusted 440,000 square metres for St. Petersburg alone in 2008………………………………………..Full Article: Source


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