28.07.2009 - Real estate prices fall to 2007 low in Moscow
From Themoscowtimes.com: Moscow real estate prices continued a seemingly inexorable decline in July, breaking through the psychologically important level of $4,000 per square meter last week and continuing to sink lower, according to data compiled by a leading analytical company. The average price of Moscow real estate on Monday was $3,930 per square meter, according to research portal IRN.ru. Last week, the average price was $3,957 per square meter, lower than the support level of $4,000 per square meter set two years ago..........Full Article: Source
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