IntermarkSavills presents analysis of the "Moscow Elite Residential Markets for January, 2011".
06 february 2011
IntermarkSavills presents the overview "Moscow Elite Residential Markets for January, 2011".Which encompass the elite, business-class, out-of-town sales markets and rental market.
Few words about these markets for January, 2011:«Two new elite residential projects appeared in the real estate market at the beginning of 2011. In the near future we expect another project to be released: a residential complex under construction, located at Burdenko, estate 11. Thanks to these projects the leading district for quantity of new elite property construction, the Khamovniki, will retain its position.»
Dmitry KHALIN, Head of Strategic Consulting and Valuation Department, IntermarkSavills
Despite the predicted January slowdown in the number of transactions, project developers with the highest
liquidity remain optimistic about the future and have announced an increase in prices for their properties
in February, by an average of 5-10%.
Despite the long Russian public holidays in January, the number of closed transactions remained the same
as at the end of 2010. One of the factors that affected the stability of demand were New Year campaigns that
were extended until the end of January.