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Saturday, December 3, 2016

New buildings in the capital become more affordable


Despite the low income population, Metropolitan housing became more accessible, as it dropped in price, ordinary family to buy “odnushki” economy class in Moscow need to save for 6.5 years, and the comfort class for a year more.

The average salary in Moscow is about 66 thousand rubles., that is the joint income of a family consisting of two adults, of the order of 132 thousand RUB If you count that 50% of the family income will go to savings (this formula is used for the accreditation of borrowers the amount of payments for the apartment must not exceed 50% of total family income to maintain adequate living standards), the monthly savings of ordinary Moscow family can be 66 thousand.

Based on the fact that the average cost of a one-room apartment economy class in the “old” borders of Moscow is about 5.1 mln, and the comfort class — 5,9 million rubles, the family where both adults receive an average Moscow salary and have no other sources of income to buy “odnushki” economy class will have to save 6 years, 6 months, in the comfort class — 7 years and 6 months. Over the past 12 months due to budget cuts, the purchase of the accumulation period on capital one-bedroom apartment in economy class has decreased for a year and 2 months, and in the comfort class — year and 1 month.

The average budget of buying two-bedroom apartments of economy class located at the level of 6.8 million rubles, comfort-class — 9,2 million rubles, thus, the accumulation term on the “kopeck piece” in the economy comes to 8 years and 8 months, in the comfort-class — up to 11 years and 8 months. In the 12 months period savings for a one-bedroom apartment in economy class declined by 3 years, 1 month, and in the comfort class for a year and 4 months.

With an average budget of purchase for a two-bedroom apartment in economy class, equal to 9.2 million rubles, and in the comfort class — 11,5 mln., to save for the purchase of “treshki” in the economy-class buyers have 11 years and 8 months, in the comfort class — 14 years and 6 months. In the 12 months period savings for a two-bedroom apartment prices fell by 6 years, and in the comfort class — year and 1 month. When calculating the rate of inflation were not considered.

In addition to the payment of the full cost of the apartment buyers can get a mortgage loan. To date, the minimum initial contribution on a mortgage loan under the programs supported by the state (accounting for about 85% of mortgage deals) is 20% of the value of the apartment. Given the average budget of purchase for an initial payment of 20% for Studio apartments family with average income would save 1 year 4 months in the economy (the contribution — 1,01 million) and 1 year 6 months — in the comfort class (the size of the fee is 1.18 million rubles). Over the past 12 months, the accumulation period for the mortgage payment for economy-class decreased by 3 months, to comfort class for 2 months.

The timing of the accumulation of the original payment on the “kopeck piece” in the economy (1.36 million rubles) up to 1 year 9 months, in the comfort class (1,83 million rubles) — 2 years 4 months. In the 12 months period accumulation mortgage payment for economy-class decreased by 6 months, for comfort class — 4 months.

For registration of mortgages to apartment buyers will have to save in economy (1.84 million rubles) 2 years and 4 months and in the comfort class segment (2.29 million rubles) — 2 years, 11 months. For the year accumulation period on mortgage payment to economy was reduced by a year and 3 months, to comfort class — 3 months.

“Despite the fact that nominal incomes of population during the past year, barely grew, new housing in the capital has indeed become more accessible to the average consumer. Reduction of the average budget of purchase allows potential buyers to spend less time on the accumulation as the full cost and the first payment on a mortgage loan. Including more affordable housing increases the mobility of the population — young families can save on the initial stage for a one-bedroom apartment, and then to change it for a more spacious housing by increasing its budget due to the increase in the value of their apartments as construction of houses,” — said the head of JOINT-stock company Est-a-Tet Vladimir Bogdanyuk.

We will add that for the past month the number of offers of apartments in new buildings, according to the database of real estate WinNER, was 6057 apartments. Most apartments sold in the southern and Northern districts: the 19.1% and 17.8%, respectively. Less — in the North-Eastern and South-Western counties: 4.5% and 2.8%, respectively.

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