IntermarkSavills presents analysis of the Moscow Elite Residential Markets, I quarter of 2011.

11 april 2011

Премиум_Q1_2011.jpgIntermarkSavills presents the overview "Moscow Elite Residential Markets, III quarter of 2010".Which encompass the elite, business-class, out-of-town sales markets and rental market.

Few words about these markets in the I quarter of 2011:

In Q1 2011 the current premium-class supply went up by almost 20% due to four new projects that were brought on to the market. Three new projects are located in Khamovniki…

The property analysis of premium-class housing demand that has been carried out over three recent years (since the beginning of the crisis) enables us to identify the idea apartment that is in highest demand in this segment. It is a four-room apartment in a completed or practically completed project in Khamovniki, with the floor area of 150…180 sq.m and within a budget range of $2-$2.5 million.

Apartments that meet these requirements are available in more than a half of premium-class residential complexes that are on sale now.

Dmitry KHALIN, Head of Strategic Consulting and Valuation Department, IntermarkSavills

The high-budget real estate rental market is living up to analysts’ expectations: the free supply quantity continues to decrease, whereas rent rates are showing stable growth, although they have not reached pre-crisis levels. With these facts in mind, we are now seeing a shortage of high quality properties at reasonable prices. At the same time however, there remain quite a few non-liquid properties on the market. There are properties whose exposure period is six months or more..

Galina TKACH, Director of Leasing Department, IntermarkSavills

During the first quarter of 2011 townhouses were in high demand on the high-budget suburban market: as compared to Q4 2010 the number of closed new-build transactions for them grew twofold. Communities with completed townhouses located within 15 km from Moscow were frontrunners in terms of sales.

The new projects Serebrovo and Shelestovo brought on to the market at the beginning of 2011 added to the quantity of good-quality high-budget housing supply. These communities are at a high level of building preparedness, and that is one of the crucial factors for success with the customers on the post-crisis market…

Olga VINOKUROVA, Senior Analyst of Marketing and Market Monitoring Department, IntermarkSavills

The number of transactions in business-class residential complexes during the last three months has been stable: approximately 120…140 transactions a month. If the demand and supply remain on the same level they are now, the business-class residential market will soon witness a shortage of supply…

Dmitry KHALIN, Head of Strategic Consulting and Valuation Department, IntermarkSavills