Information Unit (part of the investment holding company “Finam”) held a conference “Real Estate 2010: another year of stagnation?”. Its members believe that housing prices are still too large, and potentially the next year will decline. In the segment of commercial real estate situation is somewhat better - the market almost reached its bottom, although the rapid recovery experts do not expect.
The crisis in the real estate market is not yet completed. Thus, the CEO of IAA RWAY Alexander Krapina finds the only possible scenario further gradual fall in prices: “The potential reduction in economy-class housing in the capital - not less than 40%. It is unlikely that it will be implemented this year.” Similar predictions voiced analyst UK “Finam Management” Maxim Klyagin: “As the sector in the medium term, then, in our opinion, despite some recovery in the third quarter, quality improvement can only happen in the horizon of several years. With favorable circumstances of the beginning of the recovery period could come about at the end of 2010 or beginning of 2011.
discusses with them the head of the analytical center “Indicators of Real Estate Market” Oleg Repchenko: “Due to the scarcity (and sometimes complete lack of it) offers economy-class housing in Moscow, this segment is already down is not likely. more likely to continue downward correction in more expensive and presented in a larger range of business class, especially when non-compliance rates and real quality ( “business class” loosely).
In the segment of commercial real estate situation looks more relaxed. “The average decrease in rental rates and sales prices for office properties ranged from 40% to 60%. We expect that this year”s rates and prices for offices to remain stable. Possible small increase in the prime segment (small office blocks to finish in the middle ) “, - predicts the head of analytical department of CB Richard Ellis Irina Florov. “There are certain reasons to say that in the commercial real estate, primarily in high-end segment, has what is called a visible” bottom. “Indirectly, this confirms the growing number of potential buyers and increase the number of actual transactions. Prices for quality objects are formed at very attractive levels, which contributes sufficiently large purchases, “- said Mr. Klyagin.
Against the backdrop of continuing instability continues redistribution of the market. “The crisis is not over. Continued redistribution of investment and construction markets. As a result of this process of production subsystem market assets transferred to the strong players at the federal level,” - said Mr. specks. Its complement Ms. Florov: “At this point you can say that large developers of commercial real estate” survived. “At the same time, smaller developers, in charge of one or two projects that had to leave the market. There are also several examples of as a major international developers and investors who come to our market shortly before the crisis, decided to withdraw from Russia”s market. ” As an investment tool for real estate has outperformed other areas of investing, in particular, the stock market. “At least until the spring campaign will grow stronger. The shares affect bank liquidity and rising oil prices, and real estate - are weaker and with a lag. If you invest, it seems, especially in the suburban mainstream segment: there is unsatisfied demand in most, such as real estate in bank mortgages (deferred sentence) - least of all “, - considers the head of corporate analysis Petrocommerce” Evgeny Dorofeev.
Residential real estate will continue to cheapen, office - has reached bottom
Information Unit (part of the investment holding company “Finam”) held a conference “Real Estate 2010: another year of stagnation?”. Its members believe that housing prices are still too large, and potentially the next year will decline. In the segment of commercial real estate situation is somewhat better - the market almost reached its bottom, although the rapid recovery experts do not expect.
The crisis in the real estate market is not yet completed. Thus, the CEO of IAA RWAY Alexander Krapina finds the only possible scenario further gradual fall in prices: “The potential reduction in economy-class housing in the capital - not less than 40%. It is unlikely that it will be implemented this year.” Similar predictions voiced analyst UK “Finam Management” Maxim Klyagin: “As the sector in the medium term, then, in our opinion, despite some recovery in the third quarter, quality improvement can only happen in the horizon of several years. With favorable circumstances of the beginning of the recovery period could come about at the end of 2010 or beginning of 2011.
discusses with them the head of the analytical center “Indicators of Real Estate Market” Oleg Repchenko: “Due to the scarcity (and sometimes complete lack of it) offers economy-class housing in Moscow, this segment is already down is not likely. more likely to continue downward correction in more expensive and presented in a larger range of business class, especially when non-compliance rates and real quality ( “business class” loosely).
In the segment of commercial real estate situation looks more relaxed. “The average decrease in rental rates and sales prices for office properties ranged from 40% to 60%. We expect that this year”s rates and prices for offices to remain stable. Possible small increase in the prime segment (small office blocks to finish in the middle ) “, - predicts the head of analytical department of CB Richard Ellis Irina Florov. “There are certain reasons to say that in the commercial real estate, primarily in high-end segment, has what is called a visible” bottom. “Indirectly, this confirms the growing number of potential buyers and increase the number of actual transactions. Prices for quality objects are formed at very attractive levels, which contributes sufficiently large purchases, “- said Mr. Klyagin.
Against the backdrop of continuing instability continues redistribution of the market. “The crisis is not over. Continued redistribution of investment and construction markets. As a result of this process of production subsystem market assets transferred to the strong players at the federal level,” - said Mr. specks. Its complement Ms. Florov: “At this point you can say that large developers of commercial real estate” survived. “At the same time, smaller developers, in charge of one or two projects that had to leave the market. There are also several examples of as a major international developers and investors who come to our market shortly before the crisis, decided to withdraw from Russia”s market. ”
As an investment tool for real estate has outperformed other areas of investing, in particular, the stock market. “At least until the spring campaign will grow stronger. The shares affect bank liquidity and rising oil prices, and real estate - are weaker and with a lag. If you invest, it seems, especially in the suburban mainstream segment: there is unsatisfied demand in most, such as real estate in bank mortgages (deferred sentence) - least of all “, - considers the head of corporate analysis Petrocommerce” Evgeny Dorofeev.
Department of Public Relations and Media Investment Holding Finam.
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