Thursday, October 13, 2011

Overview of Moscow real estate market on the basis of a half-year 2008

In the past two months, the real estate market in Moscow has slowed down considerably - more than twice the rate of growth declined in the bid prices, slept hype, there is a tendency to increase the volume of supply of apartments. However, the main plot about the future price of Moscow real estate continues. All clear that the current level of cost per square meter in the capital, the bulk of potential buyers of apartments remain cut off from the market. It remains an open question whether enough large number of people willing and able to spend a sum of about one million dollars for the average modern apartment in Moscow? And the answer it can only be counter-questions - and so there is large supply of housing on the Moscow real estate market to the Russian capital did not find the required number of wealthy consumers? Summarize some of the statistical results of a 2008 half-year. So, according to the analytical center www.irn.ru, since the beginning of January 2008 the index of the cost of housing in Moscow grew by 27,1% and reached a level of 5.700-5.800 points. Growth of ruble prices for Moscow apartments at the expense of the dollar is slightly lower. According to the magazine about real estate www.metrinfo.ru, the cost of housing in the national currency has risen since the beginning of the year by 22,6% and the average cost per square meter is now about 135,000 rubles. Real estate in Moscow in June 2008 to May 2008 index value of housing (average level of housing prices) para 5.702. 3.3% The index of price expectations (rate variability. Housing prices) 2.41% / month -0.6% Index return home (cf. housing bank. Deposit.) 8.95 b Dep -0 4 b / w Real Estate in Moscow in June 2008 to January 2008 index of home prices (average price level for housing) para 5.702. 27.1% index of price expectations (rate variability. Housing prices) 2.41% / month -1.1% Index return home (cf. housing bank. Deposit.) 8.95 b Dep +5 2 b / d estate in Moscow (www.metrinfo.ru) June 2008 to Jan. 2008 ruble index of housing costs 134.795 euro / sq.m. 22.6% "fork" of growth of prices for apartments in Moscow, depending on grade and location of housing ranged from 13% to 37%. In this case, the spread price increase is well within the typical period of the scheme excessive demand for housing. As leaders rise in price - the most liquid one-bedroom apartments, housing in a relatively low-cost houses of the Soviet era, especially the panel. In geography in the leaders of growth also mainly inexpensive parts of Moscow as the outside Moscow, and "sleeping" areas within the Ring Road. So, for a segment of "affordable" housing is characterized by the increase in prices since the beginning of the year at 30% -35%. Higher-quality modern accommodation business class, as well as apartments in prime locations went up less - an average of 15% -20%. Indexes of prices for apartments in Moscow are calculated without taking into account of elite housing and non-standard apartments, which can distort the overall picture, usually in an upward performance. Also indexes contain adjustments to the prices of actual sales, which makes them a little lower inflated bid prices. Real estate in Moscow Iyun08 Yanv08 old panel (5-etazhki and other apartments with kitchenette) 5,383 32.7% Typical panel (9-14 floors, sample area) 5427 31.0% of the modern bar (16 fl. And the other square. increased square-action) 5,602 27.5% Old Brick (5-etazhki and other apartments with kitchenette) 5,757 30.2% Stalin and the standard brick (6-11 floor, and the other apartment. small. pl-acting) 6292 1920 2% of modern monolith-brick (monoliths, led brick. pl-acting) 6030 22.3% All panels and modular homes 5,471 30.3% All monolithic and brick houses 6,026 24.0% Apartments in Moscow Iyun08 Yanv08 One-5888 1930 7% 5,760 26.4% Two-Three 5,532 25.5% 5,597 22.8% Multi-luxury apartments and affordable housing in Moscow Iyun08 Yanv08 Index Art Tee "expensive" housing (20% of the most expensive apartments) 8,037 17.3% Index Article-Six "cheap" housing (20% of the cheapest apartments) 4,515 30.8% index bundle (the ratio of o-Six "expensive" to "cheap") 1,78 -10,3%

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