The total supply stock of prime residential real estate has significantly increased in 2014. 8 new projects, including new stages in complexes already available on the market, were added to the supply stock contributing a total of 145 thousand sq m of living space. The beginning of sales in two large residential complexes on Krestovsky Island: Privilegia (developed by Evrostroy) and Krestovskiy de luxe (developed by GPBI Development Severo- Zapad) were among the main highlights of the past year. Opening of sales for two projects of this scale is a significant event for Krestovskiy Island creating an interesting precedent of fierce competition in this narrow location, which is, however, very popular with buyers. The second significant event was the opening of sales in the new house on the Kamenniy Island, where traditionally mansions are the only available format.
Source : Knight France