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Price action has changed direction. Expensive apartment
According to the "Analytical consulting center MIEL" in the past six months, the price level on the regular housing market of Moscow increased by more than 7%.
last month the offer price in roubles increased by 1.3% to 163,8 thousand rubles/sq. m. the dollar price grew 0.8% to 5364 $/sqm
the Surge in buying activity recorded on the regular market of the city in recent months, has led to the fact that the volume of apartments sold back to the January performance – to 41.6 thousand units. The reduction for July was 4.4%. Dropped in the middle of summer and the proportion of new objects, it was less than 30% of the total volume of property sold.
Increased demand from buyers continues to enjoy an affordable offer low class. Over the past month the market share of the economy declined markedly - minus 0.7 points, and in General from the beginning of year this indicator has decreased almost on 2 points.
In July, the largest increase of prices was typical for apartments in prestigious districts (1,1%-1,6%) and housing for the middle category in the monolithic buildings (2,3%).
remains unchanged in multi-bedroom accommodations and high-end quality in the monolithic-brick houses, high level of comfort.
"it Can be stated that the price dynamics has completely changed its direction, and the market has entered a stage of increased cost of apartments, - said General Director of "ASC MIEL" Vladislav Lutskov. - In the short term we expect further decline of the property sold in an open offer. But on the background of the reconstruction and recovery of the Russian economy at year-end probable price increase on the regular market of Moscow in the amount of 15%, which in turn will return the prices to pre-crisis indicators".
"the Activity of buyers in the secondary real estate market of Moscow remains even during the holiday season. Many sellers, on the contrary, seeing the emerging growth of prices, has postponed the sale until the autumn. The number of apartments on the secondary market today is far from deficient, but objects with a large set of high-quality consumer characteristics are the subject of higher interest and find a buyer as quickly as possible. In General, the exposure time of the objects on the market during the month decreased by 20%" - said Alexei shlenov, General Director of "MIEL-Brokerage".