Prices of Soviet-style block Apartments fall Down

Of more than 5% in 2007 only. According to experts it is a result of many factors: people tend to think more about buying a flat, growing inflation together with economical optimism weakening after six years of growing.

Interest cool-off can be seen in market of brick flats as well, according to brokers quite a number of factors participate: “People tend to think more about buying a flat, inflation is growing and economical optimism weakens after six years of growth.” Cost of goods increase every year.

The main reason is price, which does not correspond to demand. Those, who would have money for overpriced prefabricated flat tend to choose other and more attractive housing. These, who can’t afford attractive housing, usually also can’t pay more than the real price.

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