24.10.2008 - Russian real estate market to see fall in prices on higher supply
From Rbcnews.com: The Russian real estate market is likely to see a fall in prices and a rise in supply, experts say. They predict that up until spring 2009 the market will be influenced by two different factors of a single nature, pushing it in opposite directions. On the one hand, analysts note, restricted access to loans for developers may result in an increase in supply, as banks are already receiving unfinished projects from indebted developers who had pledged them as a security for loans. Banks will inevitably soon dump such products on the market. .... Full Article: Source
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