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Saturday, March 17, 2018

The capital’s housing market goes on vacation

Good news for buyers of affordable housing in residential areas of the capital has sharply increased the supply of housing economy and comfort class.

photo: Alexander Astafyev

In may of this year management of Federal registration service across Moscow has registered 10 690 navigation rights on the basis of the contract of purchase and sale (barter) of housing. In may 2015, it was only 7316 transitions right. The number of registered contracts of participation in shared construction of housing (DDU) in may 2016 amounted to 2482. A year ago only in 1554. In the last month of spring was committed 978 deals on mortgages in force of the Treaty (last year — 710) and on the mortgage by operation of law 2656 of transactions (in may 2015 — 1824).

Over the last week real estate prices in Moscow have not changed. Dollar index value of housing IRN (see table) remained steady at $2620 per “square”. Ruble prices for Moscow apartments continue to teeter just above the level of 170 thousand rubles.per meter.

New macroeconomic conditions affect all segments of the real estate market. In the center of white stone became more residential projects, which provides one – and two-bedroom apartments and even Studio appeared. Over the past year, the share of new buildings with small apartments has increased from 35% to 40%. With a wide range of “odnushek” within the TTC sold in the Danilovsky and Presnensky areas.

From the Third transport ring and the MKAD apartments were sold in may of 261 new building. It is a historical maximum for the last 12 years. Since 2005, the number of new buildings in the capital between TTK and MKAD does not exceed 259. Note that most of the houses where we started selling apartments relates to the economy. Hence the increase in choice of new buildings in this segment. But the segments of business and comfort has been enriched with new objects slightly. On sale today exposed to approximately 19 100 apartments with a total area of almost 1.3 million sq. m.

By the end of may 2016 the average price of a square meter in the primary market of Moscow from the TTC to the Moscow ring road increased by 1% and amounted to 202 thousand rubles. “In the first place, this was facilitated by the active sale of housing in a number of projects economy and, consequently, a decline in the share of low-cost apartments in the capital market of new buildings. In addition, in may came out a few projects in economy and comfort class, which due to its location — in the prestigious JSC or near the center — are more expensive than the current average level of prices in these segments”, — said the head of “IRN-Consulting Tatyana Kalyuzhnova.

Most of all — by 12.3% — the price of 1 “square” has fallen in JSC, where he started the project in Mozhaisk district. The most noticeable increase in the average cost of a meter — 4.6% — occurred in CAO, where in may reduced the supply of affordable housing in two large LCD.

According to the respondents “EV” experts, the season of business activity on the Moscow real estate market, which peaked in February-March, ended. In the summer holidays there is a lull. The market “wakes up” again in early September.

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