Apartment sales drive Russian real estate rebound
Published: 26 July, 2010, 14:34
Edited: 27 July, 2010, 12:28
According to the official statistics the number of completed apartment sales in Russia jumped 49% year on year during 1Q 2010, with Moscow sales volumes up 108% on 2009 and 43% on 2008.










I am only worried that Russia is setting itself up to fail exactly how America did with their housing bubble. Anyone who lived in both places, sees Russia just copies everything US does in policy and governmental programs, I guess out of laziness to think of something that would work for Russia. Anyways, prices are so high now that people are taking loans. The global economy is not so fresh. Job losses and failure to pay could bring a fragile economy crumbling right back down.