Moscow housing market facing stagnation in May

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The price of housing per square meter has been increasing recently for an average of 5% per month in Moscow since the beginning of the year. Nevertheless experts don’t hasten to speak about active increase of prices in the market of primary housing. According to them, the sinking US dollar rate and a decrease in supply, registered immediately after the New Year, were the reasons for it. In spite of the fact that the market has been improving, counter correction and stagnation are expected to begin in May. Experts believe limited consumer demand and development of the countryside market will stop prices for apartment blocks.

According to “MIEL Real Estate” Analytical Consulting Center, an average cost of a square meter in the Russian capital was $6,468 in February.

See average price of a square meter (in US dollars) in various districts of the capital in the table below (according to the analytical centre “Real estate market indicators”)

Central Administrative District	7,409
South-western Administrative District	5,758
Western Administrative District	5,601
Northern Administrative District	4,991
North-western Administrative District	4,918
North-eastern Administrative District	4,715
Eastern Administrative District	4,694
Southern Administrative District	4,545
South-eastern Administrative District	4,312
Territories behind the Moscow Ring Highway (MKAD)	4,114

Prices for economy class housing have significantly increased since the beginning of the year and now reach the point of about 115 thousand rubles, an average price per square meter for “Business class” apartments is about 145 thousand rubles, believes Gregory Altukhov, a consultant the president of Financial Building Corporation “Leader”.

According to Gregory Altukhov, major market trends include movement of the economy class housing from the capital to the region. The expert considers in the short run it will be possible to expect bulk of Moscow “economy class” housing will be represented by secondary housing, received by owners as “social”. “You can see the increase of a number of projects for sale, consumer demand growth and the extending territory of construction among trends the market for luxury residential properties,” Altukhov added.

Moscow housing market facing stagnation in May

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Moscow housing market facing stagnation in May

RUSSIAN ORGANIZED CRIMEBut when "investors" from Moscow attempted to enter the Petersburg market, disrupting the "balance of power," violence erupted once again. See Daniel Tsygankov "St. Petersburg Assassinations Result from Invasion of Moscow Capital" IEWS ...

Wisinski Realtor Grand Rapids Real Estate... too high and not too low With Henry arriving on the scene the chances of first bunch appearances for Maxi didn t look good and so he made a move to FC Moscow Giovani dos Santos is considered a wunderkind comparable with Ronaldinho ...

THE WORLD today!Eventually the home market, which shows continued weakness, might reach bottom line. However US housing prices continue to fall, dropping 16,3% in July from a year earlier in 20 major metropolitan areas, and sales are still slowing, ...

US Bailout Fail to Calm Market: Stocks Tumbled across the WorldMoscow, 19.1%. Jakarta, 10.0%. Paris, 9.04%. London, 7.85%. Frankfurt, 7.07%. Bangkok, 6.48%. Singapore, 5.61%. Shanghai, 5.23%. Hong Kong, 5.0%. Seoul, 4.3%. Tokyo, 4.25%%. Taipei, 4.12% ...

RUSSIAN ORGANIZED CRIME
But when "investors" from Moscow attempted to enter the Petersburg market, disrupting the "balance of power," violence erupted once again. See Daniel Tsygankov "St. Petersburg Assassinations Result from Invasion of Moscow Capital" IEWS ...

Wisinski Realtor Grand Rapids Real Estate
... too high and not too low With Henry arriving on the scene the chances of first bunch appearances for Maxi didn t look good and so he made a move to FC Moscow Giovani dos Santos is considered a wunderkind comparable with Ronaldinho ...

THE WORLD today!
Eventually the home market, which shows continued weakness, might reach bottom line. However US housing prices continue to fall, dropping 16,3% in July from a year earlier in 20 major metropolitan areas, and sales are still slowing, ...

US Bailout Fail to Calm Market: Stocks Tumbled across the World
Moscow, 19.1%. Jakarta, 10.0%. Paris, 9.04%. London, 7.85%. Frankfurt, 7.07%. Bangkok, 6.48%. Singapore, 5.61%. Shanghai, 5.23%. Hong Kong, 5.0%. Seoul, 4.3%. Tokyo, 4.25%%. Taipei, 4.12% ...