Own A House - real estate market news

Corporation Mirax Group is ready to give discounts at the rate to 25 % from initial cost at real estate sale on under construction objects of the company. Such information has been declared by Deputy Chairman of Mirax Group Corporation Andrey Kletsko.
Andrey Kletsko has also stressed that according to Mirax Group’s strategic problems the next year, the company will be ready to give 25 percent discounts for maintenance of level of money, received from sales. Price change under two priority projects - complex “Federation” and Mirax Plaza - is about 10 %.
As it has become known, discounts for the corporation real estate will be given only in the course of negotiations with potential buyers and will not be reflected in the starting price.
Andrey Kletsko has told that their company is not the first Russian real estate discounter.
Now the necessary sum for finishing construction of complex “Federation” makes $270 million, for Mirax Plaza is sum is $350 million, and it is planned to finish construction of both objects by the end of 2010.
Mirax Group’s portfolio includes 6 projects on stages of building and two projects at a stage of preparation of the documentation, construction of which is to be started in 1-2nd quarter of 2009.