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H1 2015 | Russia | St. Petersburg | Investment Overview

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The total volume of investment in the St. Petersburg real estate market, including purchases of land for residential development, in H1 2015 reached $250 million, which is two times lower than the figures for H1 2014. A significant decrease in investment was observed primarily in the land market – $120 million in H1 2015 vs. $425 million during the same period last year. The demand for land plots for commercial use came mainly from large retail chains and DIY-chains, which are expanding their land bank in order to construct hypermarkets or supermarkets.

H1 2015 | Russia | St. Petersburg | Investment Overview

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