Luxury market in Russia will grow by 10-15% for the first half a year comparing to the same period of the crisis 2009, say the retailers and analysts. People spend money on luxury again.

The major luxury market players in Russia have made a new step in the development: at the moment prices on real estate are still low, there are more opportunities, and they show interest to the development of new stores again«, — says Alexey Moghila, Penny Lane Realty director of the commercial real estate department. All major luxury brands, presented in Moscow, show attention to the trade spaces on lease on Petrovka, Bolshaya Dmitrovka and Stoleshnikov pereulok, he continues.