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Home-building drive in Moscow threatens developers' profits

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Moscow's local government project to build thousands of new homes threatens to cause a supply glut, forcing private sector developers to cut back on their own projects and depressing apartment prices.

Moscow

MOSCOW'S local government project to build hundreds of thousands of new homes threatens to cause a supply glut, forcing private sector developers to cut back on their own projects and depressing apartment prices, real estate analysts said.

The authorities in Moscow intend to

sentifi.com

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