IntermarkSavills presents analysis of the "Moscow Elite Residential Markets for November, 2011".
13 december 2011
IntermarkSavills presents the overview "Moscow Elite Residential Markets for November, 2011". Which encompass the elite, business-class, out-of-town sales markets and rental market.
Few words about these markets for November, 2011:
In November, 2011 18% of all new-build business-class sales were made with sojourn apartments. Such an interest is significantly influenced by the “entrance ticket” price – on average 20% lower than the price of flats.
A growing demand for turn-key houses/land plots with a construction contract (by over 15%) and townhouse (by almost 25%) is a favourable November tendency.
In November, 2011, 30 sales were closed on the new-build elite housing market. The decrease in demand in comparison with the record October is mainly due to the up-coming State Duma elections. Bureaucrats and businessmen accounting for a significant share of purchases are mainly occupied with solving political rather than vital issues.