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The prices for housing have stopped growing

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The prices for housing have stopped growing

In 2015 Russia moved from 31st to 43rd place in the world as far as rates of housing price growth are concerned.


This was claimed in a report published by the Knight Frank company. The rates of housing price growth in Russia from the third quarter of 2014 to the third quarter of 2015 was 1.2%. A year ago this was 2.3%, so an almost two-fold decrease has taken place.

As for other countries, the rates of housing price growth in Turkey was 18.9%, in Hong Kong 16.7%, in New Zealand 12.6%, in Sweden 11.1%, in Luxemburg 10.1%, and in Norway and Denmark 6.1% and 6%.

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