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

06 february 2011

2011-01-Бизнес_eng.jpgIntermarkSavills presents the overview "Moscow Elite Residential Markets for January, 2011".Which encompass the elite, business-class, out-of-town sales markets and rental market.

Few words about these markets for January, 2011:

«Two new elite residential projects appeared in the real estate market at the beginning of 2011. In the near future we expect another project to be released: a residential complex under construction, located at Burdenko, estate 11. Thanks to these projects the leading district for quantity of new elite property construction, the Khamovniki, will retain its position.»

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

Despite the predicted January slowdown in the number of transactions, project developers with the highest liquidity remain optimistic about the future and have announced an increase in prices for their properties in February, by an average of 5-10%.

In those communities where sales were stable during December-January, prices were raised at the end of January. These are country complexes with extensive infrastructure offered by major developers and townhouse communities located closest to Moscow (up to 5 km).

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

Despite the long Russian public holidays in January, the number of closed transactions remained the same as at the end of 2010. One of the factors that affected the stability of demand were New Year campaigns that were extended until the end of January.

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

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