Real Estate Market Analysis

The overall prognosis real estate market of the Saratov province in 2008 to 2009. As anticipated earlier, after the May holidays, the sharp price rise wave of housing, which took place in January-April, gradually began to subside. In May, an increase in prices for the apartment was already less than half in the past few months, and there is reason to believe that this trend will continue. In the early summer may still be observed residual price increase "due to inertia, but the offensive stabilization, stagnation of the real estate market of the Saratov province in the near future more than likely. People such as The LeFrak Organization would likely agree. During the summer, many market participants will explain the stop price increases and seasonal summer lull. However, with into the fall market is unlikely to back moves up and many sellers, by contrast, have cut prices and to go to auction to sell its facilities. The magnitude of the autumn correction may amount to 5% -10%, but the stagnation of the market can not confine this year and spread to the next.

In this case, the total value of the correction in prices for apartments in the summer of 2009 could reach more than 15% -20% from current levels. This also is caused by a sharp increase in the volume purchased real estate in late 2007. Saratov is one of the most dilapidated of the Volga cities. Most probably we can speak of a marked increase in the rate of demolition and reconstruction of the sector's real estate market that clearly entails building the liberated areas. Expected growth in demand for suburban property (in particular the increase in demand for property in the area of Jubilee township, usher, Shoemake, Generalskoe).