Friday, October 14, 2011

The outlook on the real estate market in 2008 by experts from companies MAYFAIR Properties

The forecast real estate market situation in 2008 provided Portal VseDoma.ru experts from MAYFAIR Properties. According to our estimates, in 2008 the market of land (we have in mind only the land, located outside the cottage communities) will slow the pace of growth due to the fact that there will come the reorientation of market players - developers will go on less priority areas that show greater profitability, and individuals will turn their attention to the market of cottage settlements, says Irina Corneliusson, director of suburban real estate MAYFAIR Properties. In this regard, the rise in prices of alternative (non-elite areas) will be about 30%, and on the direction of the elite, he is projected at 20-25%. For comparison, in 2007, growth in market prices of land plots averaged 35%. In this case, it should be noted that the exclusive deals will continue to have a different price dynamics, especially only because of its scarcity and high demand. Market cottage communities remains very popular, primarily because for a long time considered as an alternative to buying real estate in Moscow. The market is still characterized pronounced seasonality, but also becoming more balanced. Maybe also be a question of bias in demand for alternative directions (primarily we are talking about the eastern and south-easterly direction), whose prices rise the most. Also very popular is economy class at the prestigious areas, but in a sufficiently large distance from Moscow. Development in 2008, commercial real estate analyzes Uliana Aliyev, director of consulting and analysis company MAYFAIR Properties: Warehouses is still the most unsaturated segment, and in all classes. Over the next year is expected to yield a large number of new projects, located on the reconstructed track CKAD. In 2008 the market could be characterized as a seller's market in the coming years the situation has changed little. We expect prices at the level of 18-20% per year. With regard to commercial real estate, it continues the trend of decentralization. Number of quality office space will increase, but until saturation still very far away. Ratio of vacant space in business centers class A does not exceed 2%. The same applies to the segment of commercial real estate. Prices in major trade corridors of the capital will grow, and this applies to both rents and sale price of 1 square . m. According to our forecasts, retail will grow in value by an average of 20%. At the same time, prices for office real estate will be in the rental segment of 12-14%, in segment sales - 15%. Markarova Marina, Managing Partner, MAYFAIR Properties views on prime residential property. According to the forecasts of the company MAYFAIR Properties, it will be about 18%, with the possible and taller (up to 25%) in selected areas in mind the limited number of quality supply, or lack of similar objects in a certain area . At the same time next year will be more noticeable emerging trend moving geography of construction developers, which will undoubtedly cause the development of the infrastructure component of the districts, raising the prestige and as a consequence, price increases due to new construction. Two examples are: the active construction areas Presnya , Shabolovka, Prospect Mira, Taganka, etc. An additional argument in favor of further price increases - is the enactment of the dot building, as well as the lack of vacant sites in the CAO, which will undoubtedly cause increased demand for new construction on the part of buyers. It is also worth noting that the progressive increase in growth of construction costs must be reflected in the final price of accommodation. Given the above factors, the developers certainly will pay attention to the emergency at home, or objects that are in need of renovation. The additional costs must be included in the total cost of apartment. m. Its logical extension receives a tendency to use industrial areas through integrated area development through the construction of residential and commercial areas outside the Centre, with an additional engine of growth in prices in the Central District will be the value of residential properties in these objects.

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