Аренда и продажа элитной жилой и коммерческой недвижимости Санкт-Петербург, Россия
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21.02.2014 Elite real estate market during the crisis St-Petersburg

 

According to the experts of the market, the segment of elite real estate has not been affected that much during the crisis. At least the prices for luxury real estate have not changed. The number of transactions in sale has reduced by fifty percent according to the last year. Still in many ways, the future of luxury real estate depends on macroeconomics. If oil prices go up, the demand for steel, metal, etc. will be higher and that will stimulate those segments of the economy that are most often associated with luxury real estate buyers.

It’s a common truth that the best investment with a later retrieval income is an investment in real estate. For a long time already the rise in housing prices in major cities are not associated with the real demand (apartment for personal use), but with the investment (apartment as a way of investing money) demand for housing. It is quite obvious that at the moment the cost of apartments in St. Petersburg has been carried away from the paying capacity of not only the general population, but even the middle class. Thus, the majority of potential customers belong to perspective business owners. Experts note that at this time the real estate market is temporarily overloaded, and for some time businessmen will not invest "extra money" in real estate due to the lack of available funds . Nevertheless, the vast majority of real estate companies of St. Petersburg do not forecast a sharp fall in house prices for the coming year. Moreover, in the near future, experts promise a rise in property prices. Reduce of offers in the property market will serve as a mechanism out of the crisis. New projects will be launched, but to a much lesser extent than it was planned, so the proposal will decrease. Housing shortage should lead to the increased demand and higher prices.

Regarding future perspectives of the real estate market the most serious problems are observed in economy and business class as these buyers use partially or fully borrowed funds of financial institutions to buy property. From this perspective, elite segment is the safest as buyers in this sector do not buy and sell on their last money.

According to market analytics, during the periods of stability or decline in property prices elite real estate is leading in the terms of economic growth. Despite the difficult financial situation, elite real estate market has good perspectives for development. It also stays resistant to price changes even in the current circumstances. After all, the purchase of elite real estate will guarantee the safety of such an investment and its future income.