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The special features of the real estate market include complex symbiosis of the advantages and disadvantages in terms of whether the business and commercial activities. Advantages: • the possibility of higher returns (than in other markets) for the entire period of operation of real estate; • sufficient stability in consumer demand; • Less exposure to fluctuations in economic cycles; • availability of some protection from sudden changes in market conditions due to long-term lease and long term construction of competing facilities. The disadvantages are: • information on the market is not as open as, for example, the goods market, making it difficult to justify to the volume and nature of investments; • Lack of legal framework for mandatory publication of information on transactions in the property market; • the need for information on transactions made in the property market; • «stiff" dependence on the external conditions of urban management, capacity building complex and specific consumer demand; • transaction costs (need to verify the legal purity of the property, as well as the costs of technical documentation and registration) are significant, if not higher. REAL ESTATE MARKET AS INTEGRATED MARKET CATEGORY The most common point of view - the real estate market is characterized as a form of investment market and highlights some general identifying features, confirming the presence of their structural relationship: • set of investors, buyers and investors, vendors, whose interaction leads ultimately to the possibility of exchange between them; • ability to use tools coordinate the interests of buyers and sellers; • the availability of economic relations between sellers and buyers; • manifestation of economic relations between the value and use value of goods traded on this market; • a set of consumers interested in purchasing this product and pour the actual or potential for such acquisition. • receiving income from the investment; • The need to control for income. However, the real estate market has its own features. The need for a high "threshold" level of investment. Real estate is quite difficult to get it to such an extent that the investor would like. This requires substantial and well-defined in scope means that on the one hand, it may require a reduction of other assets, on the other - the investor may simply not have sufficient funds.

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