Housing to Rebound in the Suburbs

A slowdown in construction and shortage of high-quality new housing on the market in the areas surrounding Moscow slowed the market there in the first quarter of the year, Dmitry Tsvetkov, director of suburban real estate at Penny Lane Realty, said in a statement Monday. “As in the first quarter of 2010, 95 percent of properties newly put up for sale were in villages where the buyer has the right to choose the builder,” Tsvetkov said. […]