cre. Current events and real estate market

“The latest news related to the pandemic, ruble devaluation and falling oil prices certainly affect the construction and real estate market. The current situation will take a toll on the inflation rate as well as many macroeconomic indicators. Yet the most important thing is the lack of competition. Closed state borders, the lack of access to alternative markets will push up prices on local goods which won’t cover the entire assortment we need, nonetheless. Therefore, the project cost growth is inevitable,” said Business Development Director Artem Panteleev, commenting on the impact of current factors on the real estate market in his interview for the CRE resource:
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