IntermarkSavills presents analysis of the "Moscow Elite Residential Markets for November, 2010".

06 december 2010

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

Few words about these markets for November, 2010:

The dynamic increase in the average supply price on the elite housing market continues. Compared to the market bottom reached in October 2009, as of now the dollar prices have recovered by 37%, and the rouble prices – by 47%.

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

The growing average budget for an apartment in demand is a sign of gradual recovery in the high-budget rental market. However, this trend is mainly for multi-room property, where the demand traditionally exceeds the supply.

The demand levels for other property categories do not show any significant growth.

Galina TKACH, Head of In-town Residential Real Estate Department, IntermarkSavills

In October-November 2010 the forecasted demand growth for country property took place, and together with the rising level of preparedness of villa communities it led a growth in average market prices.

With New Year coming soon, developers are eagerly announcing discounts and campaigns aimed to draw buyers’ attention to suburban property. These discounts will be offered for some of the most expensive property in communities; and the total growth on the market is forecast at 5-7% more percent in December.

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

The average dollar price of business-class apartments’ supply has remained the same over the last eight months. Whereas, the ruble prices have gone up by almost 7% during same period.

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

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