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