Essential had the Federal Law "On introduction of the lc rf from 29.12.2004 189-FZ, privatize dorm room. Since its implementation was associated expectation of increased demand for one-bedroom apartments with the lowest price. Enough a large% of residents of hostels had a desire to change his room with an additional charge for the apartment. Such a possibility in Vologda only appeared in September 2006 (it took 1.5 years to resolve technical issues on privatization former dormitories). The above factors, as well as an ample cash flow caused by high oil prices have caused regular, the most dramatic increase in the price of residential property, which began in August 2005 year and accepting speculative nature of the 2 nd half of 2006.

The peculiarity of the situation at that time can be considered a large share of investment purchases, both private and corporate. In 2003, their share does not exceed 8-10%, while in 2006 the expert estimates suggest that at certain moments the share of investors among buyers reached 20-25%. Was especially beneficial to buy housing by installments or loans. The second feature – getting most major developers of credit lines, which removes the need for them to drive sales of apartments in the early stages of construction, many companies are considering the option of selling apartments in a high stage of implementation project or after the date object. The emergence of free cash developers have completely switched to cash payments to contractors. In September-October 2006 it was bought up most of the apartments primary market.