Authorities and business experts discussed development prospects of St. Petersburg real estate market in 2015

Authorities and business experts discussed development prospects of St. Petersburg real estate market in 2015.
The most burning issue of the Christmas Summit in St. Petersburg was city investment strategy, interaction of authorities and business.
Irina Babiuk, Head of the Committee for Investment, emphasized importance of close cooperation between authorities and business in development of investment strategies.
Anatoly Kotov, Chairman of Committee for Economic Policy and Strategic Planning, St. Petersburg, believes that development and construction companies will contribute to economic stability. Thus, authorities should take measures to minimize negative economic impact on construction sphere.
Experts participating in the Christmas Summit are forecasting the reduced international investment due to the currency crash.
General Director of Hansa Group, Oleg Barkov, agrees that in the current situation it is very important to pay plenty of attention to investors.
St. Petersburg Christmas Summit is an annual event topping the year and uniting the leading developers, consultants and investors. This is the prime venue to discuss most important events and projects of the ending year and share seasons’ greetings with colleagues, clients and partners. It is organized by: ARE, PROEstate Events with participation of the Committee for Investment of St. Petersburg, supported by the Guild of Property Managers and Developers