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Aug 03, 2010

In 2010 the capital will have sold a record number of apartments

the Apartments on the secondary market in Moscow were sold faster. In 2010, the average term of sale of a house decreased from 73 days at the beginning of the year to 58 days  in July.

Every month on the secondary market of the capital was from 3.7 to 7.4 thousand transactions. Peak of the buying activity came in the second quarter and continues to grow. 

In July specialists of Gdeetotdom.RU has revised the forecast number of property transactions in the capital for 2010 upwards.  the Outlook Change is due to the sustained growth of effective demand and sharp increase in mortgage lending. According to the new forecast, the number of housing transactions in the capital by the end of 2010, exceed  120 million and become the largest in the history of the capital's property market.

 it Should be noted that the average cost of buying an apartment in the capital has increased  from the beginning of the year in economy class from 5.2 to 7.1 million rubles, in business class - from 19 to 21 million rubles, and in the elite class - from 48 to 50  million. According to experts of Gdeetotdom.RU the increase in the average purchase price associated with the leaching of cheap objects, the increase in the market value of apartments and reorientation of consumer preferences towards quality of the object. 

Experts draw attention to the fact that the capital's property market has already created all the prerequisites for significant growth of housing prices in 2011. The main reason for this are the ambitious plans of the government and business to increase the availability of credit for the majority of the population of the country, which will be accompanied by inevitable natural decline of supply on the secondary and the primary market, thereby limiting choices for buyers and generating a high demand for square meters.

Source: Gdeetotdom.RU Gdeetotdom.RU


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