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Moscow expansion spurs residential market

Posted on 15 January 2013

Growing housing stock caused by Moscow’s territorial expansion resulted in the city seeing an increase in the number of deals involving existing residential properties last year, analysts said Monday.
The number of sold and purchased properties increased by 6 percent in 2012 year-on-year to 96,600 items, according to the Federal Service for State Registration, Cadaster and Cartography. This growth rate is likely to continue this year unless there’s a negative effect from the volatility on external markets facing the debt crisis, analysts said………………………………………..Full Article: Source


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