St Petersburg Planned Construction

Geography demand areas, targeted for cottage construction, remains unchanged. The most popular resort area. In 2006, the average price Proposition weave here is $ 10-20 thousand / weaving, the highest price – $ 25 thousand / hundred part in Sestroretsk – up to $ 50 thousand / hectare. In the satellite cities of St. Petersburg (Pushkin, Pavlovsk, Petrodvorets) weave in the average price in 2006 – $ 4-6 thousand / hectare.

However, this land intended for an elite cottage housing (the segment of premium), the market is saturated for more than 90%, and these areas (as already built houses) sold poorly. Accordingly, we estimate growth average price in 2007 in these areas is not more than 15%, and the integrated result of return on investments in these assets is unlikely to exceed 15-18%. Weaving in Vsevolozhsk district last year was worth $ 2-5 thousand projected growth – 35-40% in 2007-2008. Along with a unique landscape and proximity to certain areas of St. Petersburg (with transportation access within an hour), this area is estimated by us as one of the most promising development in terms of “economy class”, so for a segment called “middle class”. The presence of objects in the sale area is located nearest to St Petersburg (Razmetelevo, Virk, Ozerki) offers a table of objects (average cost). Type Cost per 1 sq.m. Cottage in cottage settlement with all communications 387 500 rubles.

Plot IZHS 159 000 rubles. FER site, leasing 31 800 rubles. FER plot, the property of 51 280 rubles. In Priozersk weave average price last year amounted to $ 2-4 thousand Projected growth – no more than 30%. Given the saturation of the building above areas and the high cost of land in the short term we should expect the development of cottage construction in Gatchina, Tosno, Lomonosov and Kirov regions. Expensive especially likely in areas of Lomonosov, Gatchina (40-50%). They are located near the Western Ring Road semiring. This fact can seriously increase the demand. However, it is to within these areas will take away some business from St. Petersburg, which could adversely affect the ecology and dynamics of demand in these areas. Land the rest of the Leningrad region proposed in 2007 in an average of $ 1-2 thousand per hundred square meters. We predict a strong demand for these sites in 2008, so prices can be up to 40%. However, there is imposed and the remoteness of these areas of St. Petersburg. And accordingly, the data sites can not be viewed as objects of cottage construction for permanent residence, but rather as objects to organize the gardening season stay. This approach has advantages, such as construction does not require the costly installation of utilities and allows you to maximize financial results of the integrated yield investments. So no less than the risk of obsolescence sites, due to lower demand for plots with seasonal stay. Likely to happen shift in demand that is likely to be formed among the more low-income than the “middle class” segment of the population that should be considered when determining the price of the object and evaluation of the planned integrated financial results. The land plots for construction and investment projects in St. Petersburg and Len.obl. Translation and change permitted use of land of different categories. Making land.

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