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Apartments in Moscow sold in installments

July 3 2009
18:50

The secondary housing market in Moscow apartment began selling on credit. Square feet can be purchased upon payment of 80 percent of the cost. Told CEO of real estate agency DOKI Valery Barninets.

"Note also that the owners in June, more willing to discount up to 10 protsetov, and sometimes 15, which repeats the situation at the beginning of the year when there was serious decline in the number of transactions," - he said.

According to experts, this "accommodating" sellers of housing in the capital due to the fact that to realize an apartment in Moscow during the crisis is becoming increasingly difficult.
In particular, according to his data, the number of requests for purchase of residential property in the capital last month, compared to May, declined by 18 percent, while the number of applications for sale increased by 7 percent.

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