Anlysis of the Russian real estate market Essay

Anlysis of the Russian real estate market - Essay Example Real estate products can range from apartment spaces to residential villa spaces in the category of residential products and office spaces, shopping mall spaces to fully developed industrial estates in the category of commercial and business real estate products. The sizes and locations of such real estate products make for a distinct pricing pattern and the concepts of demand and supply apply to each category of such products and help determine the prices. In fact control of the market ,while seemingly impossible due to heavy investments involved-is also not improbable in some degrees where large real estate houses can control and a determine a particular real estate product. The overall picture in the real estate market is largely subservient to the state of the economy; however; in some international instances the real estate sector has either partly or completely belied the state of the economy. In the US itself, for example, the mortgage market saw a slump which was incommensura te with the overall health of the economy; in fact, the horse seems to be driven by the cart in the sense that the mortgages markets threatened to bring down with it the overall US economy. This underscores the importance of the real estate market for the economy as a whole while also explaining the symbiotic relationship between the two. This paper would focus on the analysis of the Russian real estate markets. The core importance would be attached to the Moscow real estate markets as Moscow happens to be the most important city space in the entire Russia. Methodology The methodological tool would essentially involve a thorough and in-depth literature analysis in search of arguments and facts that help us determine the state of the real estate markets in Russia at an a latest date. In additon, wherever required, the paper would also endeavor to include relevant secondary data and figures so as to support the arguments sifted out in the literature review. The paper would conclude with comments on the prevailing state of the Russian real estate markets in nutshell. The paper is written with a view to guide a prospective foreign investor. The literature review would be deployed to gather arguments to substantiate above research objectives and to establish arguments in the research. This research methodology was a detailed, descriptive analysis of the arguments presented in the available research evidence. The research method essentially entailed conduct of intensive interrogation of published documentary materials with the explicit aim of addressing the above stated issues which this paper deals with, providing a critique of existing theory and positions. Standard search approaches were used to retrieve the sample of published and unpublished studies for this in-depth literature review. Appropriate on-line journals were also searched. Citations in bibliographies of identified studies were reviewed to uncover additional references. Retrieval using the ancestry method was used as it is a most fruitful approach.The overall view of the literature review based research method would be a view usually taken in phenomenology . Phenomenology is a science which focuses on describing particular phenomena as lived experience. The