Another Perspective: Chechnya Real Estate Booming
Here is another perspective on real estate and how it is always local. Chechnya has been in the news over the past decade as terror attacks and civil war have plagued the country. We see and hear about the horror on the news but forget that their are still people there.
Now that the worst of the hostilities are over, housing is picking up, investments are coming in, and experts are worried that the market is overheated.
It took several years for Russia’s Interior Ministry and the Chechen police to stop the violence and to provide security. When the war came to an end, the priorities changed. Now billions of rubles are being spent on reconstruction.
If just a few years ago the streets of Grozny looked like a war zone, considerable changes are now visible everywhere. There are dozens of new shops, restaurants and renovated apartment buildings. From the very centre of the city to the outskirts, Grozny looks like an average Russian town.
Small businesses and large retail outlets are returning to the republic, and construction companies offer anything – from simple flats to luxury housing. For example, some apartments in central Grozny cost up to $ US 170, 000. RussiaToday
My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
I see the question I have, but no response. I do not have a for sale sign up ...
Comment by Kell on 15 July 2009:
yeah but who wants to live in a war zone?