Real Estate Market In Russia

Unlike Russia, abroad civilized real estate market is functioning century. Most of the young in developed markets – the U.S. has an age of no more than two hundred years, and, according to experts, is the most advanced. First Americans did not want to enjoy the experience of indigenous people and to settle close to each other in primitive wigwams, instead they used the most advanced at that time, the European construction technology and architectural principles. Expanding in comparison with Europe space allowed to settle on a suitable distance from one another. New residents of America for a short time managed to become, if not the best, then one of the strongest countries in the world, including through the development of the property market. Developments in the United States and Canada real estate is most applicable to the conditions of the Russian Federation. As in Europe, and America all successful to date while the developing according to a clear plan – concept development, which laid the basis of some elementary principles: ease of living, ease of movement of people and goods, the possibility of further development settlements.

Development of the earth (we are talking about large sites) is the highest level in real estate development. Entrepreneurs engaged in this business are more risks and responsibilities fairly and receive high rewards for success. In Russia we have only begun to approach the understanding that the point does not allow the city building to evolve in accordance with the requirements of modernity, but in most cases, carried out illiterate harm the city's development. Before the crisis, a number of Russian developers have announced plans for the development of large areas. Progressive real estate market in Russia was formed as recently as 90 years the last century.

With the implementation of the privatization of the opportunity to legally commit the transaction for the disposal and purchase of real estate. All properties of the time, excluding the pre-revolutionary buildings, was built State, in accordance with his understanding of the quality and comfort of shelter, and in the case of commercial (office, warehouse, retail and industrial real estate – the functionality and efficiency. The state was monopolist in the development market. A lack of competition in the market evolves as it is convenient to monopoly and / or its individual members. With the coming era of market economy started to develop and market real estate (prices, rules of the game). Russia and then managed to find 'their way' development. For us, there were no samples in the form of real estate markets of the leading countries, we had to invent his "wheel", rather than use existing achievement. As to be expected – lost not only time but also land that could be used much more efficiently. Russia is the largest country in the world, but despite this free areas suitable for virtually no development. As there is no motivation for their development of the entrepreneurs. Constraint is the lack of infrastructure. Infrastructure development rests with the state. Absolutely clear that the consistent development of not only the real estate market, but also the whole economy is impossible without the development of roads and power grids, corresponding to modern requirements. Such major changes are impossible without active participation of the state. The state was and remains a major player in the market.