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Moscow: Lack of supply drives housing market rise

Posted on 27 March 2012

While the cold continues on Moscow’s snow-slicked streets, apartment prices have stayed hot in the capital as the city’s construction restrictions force high prices for elite apartments and unmet need keeps middle-class housing in demand.
What’s more, while demand is putting pressure on both wealthy and middle-class buyers, it is piquing interest among developers, analysts said in interviews………………………………………..Full Article: Source


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