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Real estate

Real Estate Crisis: What Does It Mean for Us?

Square meters on the secondary market are cheaper than in new buildings<\/em><\/p>

Today, renting commercial real estate in Omsk is not a very popular option. Most firms and companies, finding themselves in a difficult financial situation, are cutting production: they are interested in cheap offers for renting offices in Omsk. Once-thriving organizations have been forced to move to outlying streets, leaving the city center with its high prices. On the one hand, commercial real estate in Omsk is much cheaper than at the beginning of the year; on the other, the most popular office real estate today are small semi-basement spaces or apartments on the first floors of multi-story buildings: they are being remodeled and turned into offices.<\/p>

The situation is similar in the rental market for apartments in Omsk. Elite-class apartments only interest those who make money from daily rentals. Those wishing to buy an apartment in Omsk can do so by spending 30-40% less money than just three to four months ago. However, despite all the prerequisites, demand for apartments in Omsk is steadily declining. Some were lucky to buy an apartment in Omsk using a bank loan.<\/p>

However, there are many citizens who have to live in rented apartments. After all, renting an apartment in Omsk<\/a> is currently much more realistic than buying one. People are afraid to part with their money without a clear sense of security about the future, and this is a well-founded decision. Today there are almost no brave souls who have decided to invest in buying real estate: unfortunately, the financial crisis has spared no one. Many have lost their jobs, others have had to settle for lower wages.<\/p>

The ongoing