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Q1 2015 | Russia | St. Petersburg | Elite Residential Market

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Throughout Q1 2015, the total primary elite stock increased by 56,000 m² in two projects: building no. 4 in residential complex Smolny Park, and new residential scheme, Russkiy Dom. The appearance of these new projects resulted in correction of primary supply distribution in St. Petersburg through increasing share of the Central zone from 40% to 54%. At the same time, Krestovskiy Island remains one of the key destinations of elite primary supply. The total share of apartments presented in this area amounts to 33%. After sales boom in Q4 2014, we observed decrease in demand in the beginning of the year, which resulted in significant drop of sales volume.

Q1 2015 | Russia | St. Petersburg | Elite Residential Market

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