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Moscow Office Market Snapshot November 2009
7 Dec, 2009, Moscow
Mikhail MINDLIN, Director, Sales and Acquisitions, Office Agency, C&W/S&R:
«In November we have seen strong interest in acquiring property by potential buyers, this is substantiated by greater activity in this segment of the market and the growing volume of closed transactions. In general, the awareness of "tomorrow will likely to be more expensive" results in some cases of sellers expecting deal prices to rise, especially when more than one buyer is involved in the negotiations for the building.
It is interesting to note that if you compare the situation before the crisis began in the office market of Moscow with the current situation, the ratio between the sale and purchase transactions and lease transactions currently shows a bias towards the sale and purchase deals, which demonstrates the great deferred demand, formed in the market for over a year».
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«In November we have seen strong interest in acquiring property by potential buyers, this is substantiated by greater activity in this segment of the market and the growing volume of closed transactions. In general, the awareness of "tomorrow will likely to be more expensive" results in some cases of sellers expecting deal prices to rise, especially when more than one buyer is involved in the negotiations for the building.
It is interesting to note that if you compare the situation before the crisis began in the office market of Moscow with the current situation, the ratio between the sale and purchase transactions and lease transactions currently shows a bias towards the sale and purchase deals, which demonstrates the great deferred demand, formed in the market for over a year».
Download report
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