The volume of sales in the primary housing market of St. Petersburg and neighboring areas of the Leningrad Region in the first quarter of 2019 will amount to 1 million square meters. Consequently, the demand for housing under construction remains at the level of the first quarter of last year.
MoreAccording to the Bangkok Post portal, 300,000 residential properties are expected to be sold in Thailand in 2019.
MoreThe authorities of the Novosibirsk region plan to increase the volume of housing construction by 1.5 times by 2024. The figure should exceed 2.5 million square meters.
MoreThe master plan for the development of Novosibirsk, which has not been updated for 12 years, will be updated and transferred to digital format. The General Plan of 2007 does not take into account the development of the agglomeration and the new project "Akademgorodok 2.0". 38 million rubles have already been allocated in the budget for updating the master plan.
MoreMore than half of Russia's working population is not at all interested in investing in real estate or stocks. Almost 52 percent of the country's residents live "only on a salary" and it is impossible for them to purchase real estate.
MoreIn order to stimulate the growth of mortgage lending, the Novosibirsk Region in 2019 will begin the implementation of two pilot projects at once related to the development of the mortgage market.
MoreThe international real estate agency GZHA.rf took part in an expert meeting of the commission on housing and communal services, construction and roads of the Public Chamber of the Russian Federation.
MoreThe Siberian company with the international name GZHA.rf has been adhering to the tradition of awarding its best employee with a trip abroad for ten years now. Once again, Svetlana Syuzyaeva, who has been working in the company for more than 10 years, became the best realtor of the GZHA.rf Novosibirsk department in the quarter.
MoreOver seven years, the Novosibirsk Region plans to allocate more than 5.7 billion rubles for the implementation of the state program to stimulate the development of housing construction. This was announced by Deputy Minister of Construction of the region Alexei Kolmakov during a meeting of the Government of the Novosibirsk Region on March 18.
MoreThe Ministry of Labor proposed to extend the maternity capital program until 2024. The preparation of the relevant proposals was included in the schedule of strategic planning activities of the Ministry of Labor. Proposals will be prepared by the third quarter of 2019.
MoreVladimir Putin instructed to extend the law on mortgage holidays not only to new, but also to already taken loans. According to the President of Russia, the Chairman of the Central Bank Elvira Nabiullina supports this decision.
MoreIt is planned to submit a bill to the State Duma, which provides for the creation of special irrevocable deposits that will be counted as a down payment on a mortgage. The rate on such a deposit will be higher.
MoreIn January and February 2019, 123,747 square meters of housing or 1,183 apartments were commissioned in the Novosibirsk Region. This is less than the figure for the same period last year by 40.4 percent.
MoreRussia and Turkey are working on a program of bilateral cooperation in the field of construction for 2019-2024. The program became the main topic of the meeting between the head of the Russian Ministry of Construction, Vladimir Yakushev, and the Ambassador Extraordinary and Plenipotentiary of the Republic of Turkey, Mehmet Samsar, which was held at the Russian Ministry of Construction on March 6.
MoreThe average price of residential property in Dubai fell by 9.2 percent in January 2019 compared to the same period last year, by 1.7 percent in a month and by 4.2 percent in a quarter. The median home price in the emirate is $732,370.
MoreDuring his address to the Federal Assembly, Vladimir Putin instructed the Central Bank of the Russian Federation and the government to take measures to reduce mortgage rates to 8 percent per annum. However, many experts doubt the imminent implementation of the President's instructions.
MoreThe average cost of residential real estate in Toronto increased in February 2019 by 2.4 percent compared to the same month in 2018. At the moment, the average price of a house or apartment in Toronto is $575,350.
MoreAccording to the Central Bank of Thailand, the increase in prices for houses and apartments in Thailand in the past 2018 amounted to 3.58 percent. This is slightly higher than in 2017, which was 3.16 percent. During the fourth quarter, residential real estate prices in Thailand changed within the statistical error, increasing by 0.1 percent.
MoreAt the end of 2018, the leading developers of Novosibirsk strengthened their positions. The top ten sellers of new buildings have increased the number of registered equity participation agreements. This indicates the growth of confidence in large companies.
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