Profitable real estate
17 March 2009Elite segment of the market of the real estate will not face consequences of crisis. This fact was confirmed by data, received by Blackwood analysts.
Within last months of 2008 when Russia was included into an active stage of current crisis, the segment of elite habitation in Moscow showed the greatest stability. So, if, in September-December, 2008, the primary market in Moscow has decreased on 8 %, elite new buildings for the same period have lost hardly more than 2 %.
Such stability of elite segment is connected with specificity of the product: elite habitation – is a limited exclusive good, and demand for it is always stable.
The further price correction is possible in all segments; however, the elite segment will remain the same within the long term. Level of prices correction in elite segment will be much lower, than the average level. Thus, the prices for the most expensive and exclusive offers will remain stably high.
