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Jul 08, 2010

On the regular housing market of the capital reinforced the positive price trend. The number of transactions has doubled

According to the "Analytical consulting center MIEL" in June 2010
regular housing market of Moscow continued to increase in the price of objects offered for sale.

Since the beginning of the spring of this year the price per month is growing by about 1%. The past month was no exception. The price level in roubles rose by 0.9% to 161,6 thousand rubles/sq. m. Increased the dollar has led to lower prices in the currency of 1.8% to the value of 5319 $/sqm

during the month the volume of supply then a bit was added, then decreased again. As a result, the amount offered for sale of objects has changed slightly (+1.7%) and stood at around 43,5 thousands of apartments. The share of new supply as compared to may, increased and amounted to one third of the total volume of property sold.

the Biggest price increases recorded in the North-West (1.5 percent), while in CAO, HLW, ILW and Zelenograd, the price has not changed.

it is Noteworthy that the main increases are typical residential districts of the city, adjacent to the Moscow ring road.

let's Note that two-bedroom apartment the last few months increasing in price faster others. But in the segment multi-room apartments the price remains unchanged.

In June the prices in the brick buildings grew larger than in panel houses. Overall, in all categories the price level has increased, except for the brick blocks and monolithic buildings.

"For the first six months of this year, it can be stated that the price dynamics in the regular market of the city completely changed its direction and now adds up to nearly 1% per month. However, the price still remains below pre-crisis levels of 16%. The recovery in consumer demand has resulted in a reduction of the volume deals with the beginning of the year by 7%. The most popular apartments in panel houses, improved lots, located in residential areas of the city. Precisely for this category of housing accounts for the largest share of all transactions of sale and major price increases," notes luckow Vladislav, General Director of "Analytical consulting center MIEL".

"Despite the fact that summer traditionally is the season of silence, the interest of the buyer is high, and we can confidently say that the market is alive today and active. There is a pent-up demand that we are seeing since last year. Many buyers decided not to wait until autumn, and buy real estate now.

in may-June 2010 the number of transactions, compared to the same period last year, increased almost doubled, and at 40% — compared to the same period in 2008. Also gaining momentum mortgage. Banks offer more interesting products that stimulate demand and lead to an increase in the number of transactions" — said Alexei shlenov, General Director of company "MIEL-Brokerage".

Housing prices for six months grown up
Jul 05, 2010
The slowing down of the already low rate of growth of nominal housing prices in Russia was a prelude to what happened in may 2010, the deterioration of the situation in the European economy and the subsequent correction of the prices for hydrocarbonic raw materials.
In Moscow an increasing number of mortgage transactions
Jul 12, 2010
By data "Analytical consulting center MIEL" in the II quarter of 2010, banks continued to lower interest rates and easing credit conditions.
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