St Petersburg housing market reaches saturation point

St Petersburg housing market: There was over 60% more new housing put up for sale in St. Petersburg in the first six months of 2014 than there was in the same period last year. Some 1.4m2 of housing was commissioned between January and June 2013 compared to the 948,000m2 that was actually built in the first half of 2013 built, according to the city’s Committee for Construction. St Petersburg Times