Over the past five years, primary housing in “old” Moscow has risen in price by 61.2%, Metrium analysts told Izvestia on July 6.
According to experts, the highest prices for new buildings rose in the South-Eastern Administrative District (SEAD) and the Southern Administrative District (SAD) – by 105.5% and 103.8%, respectively. The minimum inflation in the primary market – 48.9% – was recorded in the Northern Administrative District (SAO).
sq. m in new buildings and reconstruction projects of the “old” Moscow (excluding ZelAO) costs an average of 480.8 thousand rubles. For five years, the “square” of primary housing has become more expensive by 61.2%.
At the same time, the average cost of flats and apartments increased less – by 23.3%, the average cost of supply of primary housing is 27.1 million rubles.
Analysts explain such dynamics primarily by an increase in the share of compact premises – studios and one-room apartments – up to 54%.
At the same time, they noted that according to the results of the last five years, the South-East Administrative District has become the most investment-attractive district of the capital, where housing in the primary market has risen in price by 105.5%, to 305.2 thousand rubles per square meter. m. Since June 2018, new buildings in the South Administrative District have increased in price by 103.8%, to 404.1 thousand rubles per sq. m. m.
“The high liquidity of housing in the south of Moscow is due to the active development of this location. In recent years, several powerful springboards for the integrated development and revitalization of territories have appeared here. First of all, we are talking about the creation of an unprecedented recreational cluster on the Nagatinsky Peninsula and the emergence of a “city within a city” on the site of ZIL. Due to ambitious projects, the south of Moscow has become the focus of investors’ attention,” said Lilya Artsibasheva, Commercial Director of Regions Development.
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Experts predict a further decline in the value of such real estate
In turn, the managing director of Metrium, Ruslan Syrtsov, said that prices for new buildings have increased significantly over the past five years in all districts of the capital.
“This situation is explained by the transition of the industry to project financing, the rush demand of the pandemic period, and the sharp rise in the cost of building materials. Obviously, such a rapid inflation in the market of new buildings in the short term is not to be expected. Nevertheless, primary housing is still a reliable asset for investing,” he stressed.
In his opinion, the SEAD and SAD, the leaders in price growth in 2018-2023, can maintain their positions, as the implementation of projects on the Nagatinsky Peninsula and the Danilovsky District continues, and the development of the territory of the former South Port has also begun.
The day before, Alexei Nazarychev, General Director of Roomba-service, told Izvestia that the situation on the Russian real estate market is gradually starting to stabilize. In addition, there is an increase in demand for secondary housing.
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