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Thursday, March 15, 2018

New buildings of Moscow continue to become cheaper

Good news for home buyers: at the end of September the capital cost of new capital declined on average by 2.4%.

photo: Natalia Muslinkina

According to IATS “Relight-invest”, in September of this year, the average price of 1 square meter on the primary market of the capital amounted to RUB 237 411 Price for the month declined 2.4% for the year — 12.6% (database of real estate WinNER). At the same time, excluding an expensive CAO, one “square” in September asked 202 264 RUB the Price of 1 sq m decreased over the month by 2.2%. During the year, the decline in prices was 16.0%.

Low price sq. m is observed in the SEAD — 134 293 RUB (minus 3.0% for the month). The highest in the elite CAO — 524 680 RUB (-1.8% mom).

By the end of the first autumn month the market of new buildings (excluding CAO) the weighted average price of the apartment amounted to 15.3 million rubles Per month the price of apartments fell by 3.3%. Budget buy 1-room apartment in average equaled 8.3 million RUB (minus 2% per month), 2 bedroom 13,5 million roubles (a minus of 2.1% per month), 3-room 23.2 million RUB (minus 11.6 percent for the month).

At the end of September in white-was concluded 3007 treaties equity (DDU). For comparison: in August it was by 10.4% more transactions. In total in January–September 2016 Rosreestr recorded in Moscow on 23 535 POS. It 69,3% more than in the same period of 2015.

The share of mortgage transactions is growing so rapidly, as the number of contracted POS. In September, the Federal registration service has registered 3,500 mortgages. It is 25.1% less than in August this year. If we consider the entire third quarter, and the segment of the mortgage note record. During this period, there were 12 819 transactions, which is 54% more than in the third quarter of last year.

“Quite a long time, the main factors pulling up the capital market was relatively affordable mortgage and lowering the threshold of entrance in new buildings of Moscow, — said analyst Maria Litinetskaya. But now they added a new one. In recent months increased the number of buyers who previously considered only the suburbs, but now means they possess enough to purchase housing in the capital. And not in Moscow, and in the old borders”. According to experts, the transition to the capital market demand from the suburbs could provoke a deep crisis in the primary market of Moscow region. “Suburban developers in the coming months will have to seriously think about how to return the buyer back,” concluded Litinetskaya.


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