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It is expected that the price adjustment will happen because of the renovation. Prices for primary housing in Moscow because of the renovation program in the next seven years may be reduced by 30%. This statement was voiced by the Deputy General Director of concern "Krost" Denis Kapralov.

"According to our estimates, in the next seven years as the unfolding of the renovation program in Moscow, prices for primary housing drops to 30%," said the corporals. He noted that the reduction will occur in the segments of economy and comfort class. "Most likely, this trend will not apply to business class, and on housing comfort and economy class will be affected directly, since the program will be introduced for more "competitive volume"", – said the representative of the developer. According to him, the program of renovation will also significantly increase competition in the real estate market. "If today in Moscow and Moscow region real estate market runs up to 600 companies, due to the renovation program will be a serious reduction in their number. According to our forecasts, the market will remain about 100 companies," said the corporals. This reduction in the number of players in the real estate market will occur due to the bankruptcy of small and weak companies, as well as through acquisitions. Under the program of renovation in Moscow it is planned to demolish 5 houses 144 obsolete housing stock total area of about 16 million square metres (more than 350 thousand apartments). The program will affect about 1 million residents, be completed until 2032.

Contacts:

Office:   Moscow, Volgogradskiy prospect, Business center «TheCube», room 416
Legal services:  +7 (499) 391-57-55 ; +7 (916) 546-99-25 (hours)
Real estate services:   +7(499) 391-55-56
For customers speaking any of these languages -
English, Tamil, Malayalam, Telugu, Kannada, Hindi:
+7 (977) 288 59-95
Еmail: 89165469925@mail.ru; interlex17@rambler.ru

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