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Real Estate News in KostromaFebruary 24, 2010 According to information provided to the press service of the governor of the Kostroma region in the Kostroma region, and Kostroma, including prevailing market conditions can increase the amount of construction (likely budget for construction is not increased, but prices are down - approx.'s). In 2009, 176.9 thousand square meters introduced housing, or 18.7% more than during the same period of 2008. In 2010, the Kostroma region wants to build not less than 250 thousand square meters housing. To increase was largely due to the participation in the programs of the Foundation for Reforming public utilities. This year's task - to build not less than 250 thousand square meters of housing. For this purpose, has been developed and approved a list of land in the territories of all municipalities for comprehensive quarterly construction and building low-rise residential buildings. Finalized the regional target program "Development of Housing in the Kostroma region, 2010-2013." The program envisages construction of residential homes for all categories of citizens in need of housing, the staff of enterprises for newly created jobs as part of the investment projects, those living in dilapidated housing. In order to further increase the volume of housing construction branch departments to work out and approve the regional targeted program "Housing" by 2015, the press office. Falling prices for apartments in the city of Kostroma to continue December 7, 2009 A sharp drop in prices and demand for real estate in the financial crisis has generated a lot of not completely objective and optimistic forecasts of favorable scenarios for the housing market in Russia. Periodically there are reports that the situation is gradually stabilizing, and not far off the long-awaited rise in prices and increased demand for square meters. Obviously, such information encourages buyers and inspires investors, realtors, sellers, housing, bored by profit. So, recently the head of Sberbank German Gref said that the price of the real estate market hit bottom and from the autumn of 2009, will inevitably increase the cost of square meters. However, experts regard this statement as an unwarranted attempt to stimulate demand. What is really waiting for the real estate market in the coming 2010? There is no consensus among the experts there: too much "storm" in 2008-2009, too shaky position of the housing market today, too many factors that affect the dynamics of prices per square meter. Most analysts forecast a further fall in property prices. During the first half of 2010 is expected to decrease the cost of housing in Russia on average by 25% compared to prices at the end of 2008. It is assumed that in some regions of Russia may drop in prices avalanche (60%). The reasons for this negative trend is found in the mortgage lending crisis, the increase in interest rates on loans to reduce the level of income and, consequently, the demand for housing. The rapid pace of housing price decline is partly due to the fact that the highly inflated pre-crisis period, prices per square meter back to their appropriate values. Significant contribution to the fall in prices would make the syndrome of "tiredness from sale": those who for a long time looking for buyers of real estate, in desperation, lowers the price almost in half. Some stabilization and the beginning of a gradual increase in prices can be expected not earlier than in the second half of 2010. This growth, experts say, will restore mortgage lending, the factor of "pent-up demand" and drop multiple offers associated with a significant reduction of input of new housing. Market recovery will begin in the first segment in the secondary real estate: the prices are creeping up on the 1 and 2 bedroom apartments in the houses of old buildings. By the end of 2010 we can expect some increase in the cost of housing in the primary real estate market: an acute shortage of supply impact. Accurately predict the developments in the real estate market today is quite difficult due to lack of stability in the economy. Any fluctuations in macroeconomic variables could affect the dynamics of change in property prices and direct the course of events in a different direction. Source: Portal ETAG.SU, http://www.newsland.ru/News/Detail/id/425179/ Kostroma is a leader in default in mortgage loans June 26, 2008 Agency for Housing Mortgage Lending (HMLA) published a report on the compliance of payment discipline in the context of the Russian regions: the leaders in arrears on May 1, 2008 became the Kostroma Region and Stavropol Territory. According to the report, the ratio of balances of principal on delinquent loans to total principal balances of all loans in the portfolio, followed by AHML in the Kostroma region was on May 1, 24% in Stavropol region - 21.1%. According to HMLA on March 1, 2008, the figure was 16.52% in the Kostroma region and 18.59% - in the Stavropol region. Overall, the portfolio at HMLA accompanied by delay (in relation to the amount of principal on all loans) declined from 5.39% on March 1 this year to 5.10% by May 1. More than 10% delay of 1 May was in the Altai and the Ulyanovsk region. In Moscow, the delay in relation to the entire amount of principal in the portfolio at HMLA was accompanied by that date, 5.0% (against 2.62% as of March 1). In St. Petersburg, this figure fell to 7.81% as of March 1 to 4.6% by May 1. On the Amur delay could be reduced from 1.13% on March 1 to May 1, zero, and in the Voronezh region, on the contrary, with zero as of March 1 rose to 2.9% by May 1. HMLA 100% is in federal ownership. The main goal is to develop AHML mortgage market in Russia. The agency promotes the growth of mortgage loans, buying pools of loans from banks, thereby providing them with funding for future loans. The agency gets only those loans that meet its standards. For its own refinancing agency offers ruble-denominated bonds and mortgage bonds backed by pools of loans redeemed. Real estate prices do not listen to predictions May 19, 2008 President of the "Institute for Urban Economics" Hope Kosarev sure that real house prices in Russia in 2008 will grow by 9%. However, such a prospect analysts seem to put it mildly, vague. The rising cost of housing can not be lower than inflation, experts believe. Moreover, in the next few years house prices will grow faster than her, as the demand for real estate in Russia is still very high. Friday at the conference "Mortgage in Russia - 2008" President of "The Urban Institute," Hope Kosarev presented its forecast of growth of prices for real estate development. «Since 2008, the average price level in suburban buildings has increased by 17.6%" "Based on our target growth forecast growth in real prices for housing, we anticipate that prices will stabilize in 2008 and will increase the dramatic pace, as happened in 2007 - 20% compared with the previous year ", - quotes Hope Kosarev RIA" Novosti ». According to her, no real drop in home prices is not expected, but price growth in 2008 will amount to 9% in 2010 - 5%, and in 2015 - 1,5%. This view is quite controversial, especially when it comes to Moscow. According to the staff of the analytical center "Indicators of housing market» (IRN.ru), the rate of price growth in 2008 stolichnyekvartiry were quite high: an average of 5-6% per month, although they concede rates of growth in 2006. significant role in the growth of housing prices is inflation, which has a significant impact on the cost of building materials and energy. It can not affect the final price of real estate. Prices are rising almost on a par and the wooden houses, and apartments, and luxury homes. «Predicting the rise in house prices below the inflation rate in the country for at least strange" - players believe the real estate market. growth in housing prices will continue as long as Russia does not solve the housing problem. Currently about 60% of Russians in need of better housing. A considerable part of them, in principle, ready to purchase and acquire their own meters with a mortgage. It is also one of the reasons for the growth of housing costs. In addition, analysts say the real estate market, a new wave of soaring prices for housing in Moscow was caused by including psychological reasons. The market went up, not having such a potential for growth, which was before the previous waves of price increase of housing. constant weakening of the dollar to all other creates an illusion of faster growth in house prices than it really is. "As a result, the higher is the level of prices for apartments in Moscow, the more reason to limit its further growth. Investors are in other segments, such as market-town, regional and foreign real estate ", - states analysts. It begins to grow and prices outside of Moscow. According to the company "MIEL", since 2008 the average price level in suburban buildings has increased by 17,6%. With this rise in prices for their own meters large part of potential buyers refuse to buy a home of ideas, preferring to rent as prices are rising much more slowly. Renting an apartment is a serious alternative to buying their own homes. According to analysts, potential for growth in the Moscow property market in the current environment at the level of 15-20% per year. In Moscow and several regions of Russia the growth in property prices may be somewhat higher. Because of the exorbitant prices for Moscow housing investors began to go outside Moscow, where their money is repaid more quickly. A rise in demand for housing in the regions increases its cost. Natalya Zhuravleva vz. ru Glance
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