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Moscow real estate market seems to have recovered. According to the newspaper RBC daily, due to pent-up demand and revive of the mortgage market in the first quarter of 2010 in the capital of Russia there was a record number of deals over the past 4 years.
3 months of 2010 moscovites signed by almost 10% more transactions in flats than for the same period the pre-crisis 2007.
According to experts, housing market in Moscow returned to a stable demand, which was also reflected in the continuous increase in mortgage transactions. In March of this year apartments bought with mortgage amount to 1609 against 249 apartments in March 2009.
According to experts, housing market in Moscow returned to a stable demand, which was also reflected in the continuous increase in mortgage transactions. In March of this year apartments bought with mortgage amount to 1609 against 249 apartments in March 2009.
Market analysts believe that buyers, who were waiting when the price reached the maximum reduction came on the market, realizing that further price reductions will not be afraid of their future growth.
Nat Lawyer
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