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Q3 2015 | Russia | St. Petersburg | Elite Residential Market

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New currency rate fluctuations in August stimulated customers to close deals that were under negotiation increasing the volume of sales in Q3 2015 relative to the previous one, which is not typical for this period. This year, the elite residential market faced the highest supply volumes in its history. In Q3 2015, the average price growth in the primary elite segment was 4% QoQ and will be supported in the future not only the reduction of supply, but also the continuing growth of construction costs. Despite the worsening economic situation and continuing currency exchange fluctuations the critical decrease in sales was not followed.

Q3 2015 | Russia | St. Petersburg | Elite Residential Market

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