The past year has pleased the developers and sellers of certain restoration of the market, but the expectation of further price increases are not justified. The demand in all segments of the real estate market in late 2010 was consistently high. Cautious optimism that inspired the experts last year, determined tone of their forecasts come. More expensive, cheap and expensive experts especially cautious in their projections for urban housing. A possible fall in prices, although this is not, however, growth is projected in the range of inflation. "In the first months of 2011 on the secondary market increase in the average cost per square meter did not exceed 1.5-2% per month" - suggests Dmitri Taganov, head of the analytical center of the corporation, "Inkom", not forgetting to remark: "It concerns the most liquid objects ". However, some experts do not rule out reducing the average cost per square meter, although temporary. "The overall price trend of recent months to" secondary housing "- still a decline. I think this trend will continue into the first half of 2011, - said Dmitry Ovsyannikov, General Director of" Ipotek.Ru ".- It is unlikely that lower prices will be strong, but they can easily fall by 5-10% relative to current values. Support prices will be mortgage lending and a relatively small supply of apartments. In turn, the reduction will be played by the fact that the property has ceased to be an attractive investment. But last year prices gave way to fall, and in 2011 the fall in prices in the first few months may give rise to the second half of the year. " Of all discharges of urban housing in the strongest position of economy class. Many experts believe that affordable housing will grow in value. "In 2011, the real estate market of the capital will be a shortage of ready-made objects economy class, followed by the inevitable rise in prices on average by 20%", - says Evgeny Rodionov, CEO Rodex Group. Note that this is just about ready sites or are in final stages of construction. Experts believe that this year will break a building when the building will be completed in 2010, and new projects will not have time to start. Maria Litinetskaya, CEO, "Miel New", believes that this will lead to the entry into force of the Law on Energy Efficiency. "Now, all newly constructed buildings must meet new, higher requirements for energy efficiency. For example, the requirements for thickness of the walls increased from 300 to 350 mm, the new requirements apply to all elements and structures of the building - windows, outside walls. Those projects that have already been agreed and received a construction permit will be based on old standards. And those that in the design stage, will recycle in accordance with these requirements. This can lead to a pause in the withdrawal of some projects on the market and increased construction costs, "- said Maria Litinetskaya. Of course, a pause is possible in the first place in the construction economy class. And in the elite sector of energy efficiency standards are met, usually with a good margin. "The deficit gentrification Moscow next year, not threatened, primarily due to the fact that the market has seen new and exciting projects - says Marina Markarova, managing partner of Mayfair Properties .- You can predict the rise in real estate market within 10-20% a year. " "Lack of housing - a myth - even more emphatically expressed Alexei Sidorov, director of development Kalinka Realty .- On the contrary, may increase the exposure period apartments. For 2011, the year hurt enough, and they could look back a strong demand that depends on the activity of private investors. " In the least favorable situation is urban business class. "Today the market is experiencing a large volume of business-class facilities - about 75% of all projects related to this segment. Nevertheless, possible increase in prices here, although less than in the Economy" - said Maria Litinetskaya. "For the Moscow housing business sklassa is still characterized by cautious enough demand for projects with" fuzzy "class and the preservation of a large number of paper projects" - agrees Gregory Altukhov, financial adviser to President-building corporation "Leader". Farmland: to turn subcontracted the trend of the past year, however as of 2009, the country market towns have been without a contract. It was, on the one hand, the anti-crisis measure (for buyers suburban real estate developers do not trust, nor their own financial means), but on the other hand - due to market non-core assets of the companies, which until the crisis is not involved in project development and were not going to do. "The crisis we've seen out in the country of non-core market investors. This process will continue, and because these players do not always have experience in building houses, for the most part they offer on the market size plots without a contract. However, the demand will shift to areas with a contract and ready at home "- says Julia Severinenko, CEO," ZemAktiv. " If a relatively low-cost segments of the process of transition to contracting is just beginning, in the elite sector, according to market players, he is decisive. "After the crisis, luxury real estate buyers are gravitating to the already-built homes, or to interesting projects of high readiness. This trend will continue into next year - says Lydia Grechina, marketing director of Villagio Estate .- Another trend - a very limited number of new luxury projects . As far as I know, next year in the elite segment will be no more than two or three interesting new projects. " Dear suburban real estate realtors even considered an option for private investment. "For a successful investment needed to join the project at an early stage, when the price is minimal. It should be a project with high growth rates, and better access to reliable real estate developer - says Irina Mogilatova, CEO of real estate agencies Tweed .- In active projects is low proposals for a low price, and of course, better to ignore projects, whose construction dates have shifted to a boundless future. " A similar opinion from Alexander Dubovenko, Director of Development for Good Wood. "It is estimated over the past year, the average increase in land market in the townships was only 6-9%. The reason for such a low rate - the entry of many non-professional players with illiquid offerings at lower prices. The price of interesting offers high liquidity has grown in some cases up to 28%. The next year, prices will increase. This particularly applies to the suburban real estate projects, the purchase is carried out on the initial stage of construction ", - thinks Alexander Dubovenko. When offices are great Perhaps most experts agree, assessing the prospects for commercial real estate. Rapid growth is not foreseeable, but the promise of rising prices and rents for at least 5-10% is not stingy one. This is understandable, commercial real estate, especially office - the only sector of the market, which has not yet begun to recover. However, apart from the subjective factor - the time would have been - there are quite objective reasons for market recovery this year. "The high quality facilities vacancy rates throughout the year has declined steadily, - says Denis Kolokolnikov, CEO of consulting company RRG .- There is a clear differentiation of demand in all segments of commercial real estate, based on the quality of an object. Demand for an object with a good location, literate concept to commercial real estate - with the influx of buyers for the office - with good transport access and parking spaces. The demand for quality facilities is approximately at the sentence level, sometimes even exceeding it. Therefore, we can say with confidence that the coming year will be slow market recovery in all segments. Rents fall will no longer be soon we can talk about their growth. In the office segment prices on quality area could reach 5-10% per year. The trade is likely to bet rent will remain at about the same level as they sagged considerably less. street retail segment will continue to be one of the most successful, but the growth rate is unlikely to be higher than the same 10%. Rather, rents and sales prices approach the pre-crisis level ". "A conservative forecast of the commercial property market in 2011 - an increase of 10-12%, optimistic - all 20%. This includes growth in the number of transactions and prices. But the price increase will not happen on the level of the price positioning of objects in advertising, and from prices of actual transactions "- predicts director of" Miel Commercial Real Estate "Yuri Taranenko. Already, companies are no longer tenants to save on office space, and it also will become a trend of the year. "Companies are once again returning to the practice of renting offices in the greater area - taking into account the development plans and increase the number of employees. In all likelihood, a time when owners of large objects in order to attract potential tenants were forced to divide large spaces into smaller blocks, gradually receding into the past. In short, the commercial real estate market certainly did not stand still, and its growth is inevitable "- sums up Natalia Blokhin, director of commercial leasing Kalinka Realty. Investments, as appropriate The experts did not suggest a significant rise in foreign real estate this year. But the collapse, according to the majority, is unlikely. This means that the situation is favorable for buyers and private investors. "In European countries, there comes again a good time to buy property for their own accommodation - says Ekaterina Thain, Partner, Director of Residential Real Estate Chesterton .- In France and Italy can get a substantial discount on the secondary market. The average discount will start at 10% , reaching in some cases up to 20-30%. In London, you can also count on discounts in the purchase, but, unlike continental Europe, they will be small - an average of 5%. " "We should expect moderate growth in real estate in the U.S. and Israel. If there is demand from almost all over the world will demand objects d'Azur in France and London - says George Dzagurov, CEO of Penny Lane Realty .- The real estate market in developing countries is full of surprises, the investment Here are poorly protected, while in developed countries, with our Russian appetites had long been doing nothing. In general, if you wish not to earn, and save, then invest in should be the most developed countries such as USA, UK, France and Italy. If as an investor interested in profit, then it makes sense to work in emerging markets, where the result is potentially higher, and the risks are great. And most importantly, the crisis has taught us that investing should be on that property that you actually need. "
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