IntermarkSavills presents analysis of the "Moscow Elite Residential Markets for February, 2011".

14 march 2011

2011-02-business.jpgIntermarkSavills presents the overview "Moscow Elite Residential Markets for February, 2011".Which encompass the elite, business-class, out-of-town sales markets and rental market.

Few words about these markets for February, 2011:

During February 2011 the average dollar price in the business-class housing segment increased by 2%.
Seasonal rallying forces developers to raise their prices and currency adjustments also serve as an additional growth factor.

Dmitry KHALIN, Managing partner, IntermarkSavills

The active growth in demand for rental housing in corporate communities during the first months of 2011 has already caused a significant reduction in supply and, consequently, to the raising of rental rates by owners of up to 10%.

Marina MOROZOVA, Project manager, Senior consultant of Leasing department, IntermarkSavills

In February the first sales started in the business-class villa community of Shelestovo. The project benefits from: good location – in the midst of the forest, near natural water bodies; elaborate architectural concept in the manner of F.L.Wright, a ‘smart community’ system – integration of all the utilities within a single intellectual space with a centralized system of trouble diagnostics.

Larisa BIRYUKOVA, Sales Manager of Out-of-town Real Estate Department, IntermarkSavills

According to the results from February 2011, Moscow elite housing new-build and secondary markets showed different price dynamics. Prices on the new-build market increased by 1.2%, and on the secondary – decreased by 0.6%. The stability of Moscow’s elite market and growth in the price of oil inspired developers – during the month prices in 20% of elite houses and complexes were raised by 2.3%.

Dmitry KHALIN, Managing partner, IntermarkSavills