Officials recognized the presence of a crisis in Russia, moreover, not financial, but economic. They believe that the crisis will drag on: it can last in Russia for about two years. This is informed by a report regarding the development of competitiveness in the condition of the global financial crisis, which was prepared by the working group of the State Council.

It is really possible to stop the implementation of the most important projects of the development strategies for 2010-2015. The investment fund and the entire institution of public-private partnership may fall under the influence of the crisis. To date, it can be noted that all promising projects are really frozen in the construction industry, and the volume of sales of housing has been decreasing three times. The lending of objects currently under construction has also been significantly reduced and interest rates regarding borrowed funds have sharply increased. This situation threatens mass bankruptcy for enterprises in the construction industry, as well as unemployment at the enterprises of the building materials industry and the construction industry (as experts calculated, it can amount to 70% of employees, which corresponds to more than 11 million people). In addition, tax revenues may decrease, social tension will increase, which is associated with the impossibility of the population, to solve their housing problems. But the crisis will not affect the low-rise building, noted the former head of the President’s Economic Directorate Anton Danilov-Danilian, and now the chairman in the expert council of the Business Russia public organization and the chairman on the Council of Directors in the Rodex Group investment and construction holding.

The low -rise building is liquid

– You agree that during the crisis, the objects of low -rise buildings (in comparison with city multi -storey buildings, office, commercial real estate, and so on) will be the most liquid? And why?

– a private country house has a number of advantages in front of an apartment in a high -rise building. For example, a high -rise building will be commissioned until the construction of the last floor is completed. The situation is in the case of an organized village in a completely different way. There is it into operation in separate bursts, in the event that some of the houses are still under construction. Then, when all the necessary communications have already been laid, the construction of the following queues does not interfere with living in the rebuilt houses of the previous line.

Also, suburban houses in current operation are much cheaper than apartments, usually they are more comfortable and gives its owner the opportunity not to feel torn from the ground. As a result, the demand for suburban real estate is more resistant to crisis phenomena, it also less depends on the mortgage and relies on citizens who have made their choice.

In addition, the developers of suburban real estate are not as spoiled as their brothers in cities, as a result of which they are more resistant to crisis phenomena. Compared to apartments, which were very often bought up much earlier than their physical birth, the household of the Zagorod always had a more demanding and legible buyer, who often wanted to see his own home, feel his “energy” and walk along it before deciding to decide to finally decide for the purchase. Due to these more difficult conditions for doing business, the developers of suburban real estate were not so “closed and spoiled”. And the demanding consumer, although difficult for business, is more stable and solvent.

So, urban and suburban real estate – although they are adjacent areas, but each live according to their own laws. Low-rise (especially economical-and business class) brings less profit, but the risks are minimal due to the fact that this format of housing is currently in short supply and dissatisfaction of demand, and in the future much more than in other segments.