| 24.01.2013 - Russia's PIK says mass-market housing market strong |
| PIK Group, one of Russia's largest homebuilders, said on Wednesday the residential housing mass market remains strong as it reported a 31 percent rise in new sales contracts during the fourth quarter. Mortgage-backed sales were stable during 2012 despite interest rate increases for individual mortgages, PIK said, while average selling prices rose 10 percent in Moscow...............................................Full Article: Source |