6.8 C
Moscow
Sunday, September 25, 2022
spot_img

Supply up by 1%

(−24%) Suburban Elite Properties in Moscow • Jan-Jun 2022/21

From January to June 2022, the number of suburban real estate transactions in the Moscow region, considering elite class property only, decreased by 24% to the same period of the previous year. About 62% of this volume was generated by sales of cottages, 32% by townhouses, 6% by land plots.

Further development of the market will depend on the supply structure: the primary market is finally reactivating after a 5-year stagnation, new projects are expected to be released soon and the number of transactions will increase.

In the period under review, the volume of supply in the primary market increased by almost 50%, to 483 lots, while some 77% of the actual supply was from the secondary market. The total supply since the beginning of 2021 reached 2,110 lots, up by 1% year-over-year.

The number of households becoming owners of new elite class houses in the suburban area of Moscow is one of the key factors shaping the demand for premium and high-end furniture (including outdoor) in the medium term.

We are tracking this indicator more closely within our extended Market Reports.

Related Articles

(−55%) Suburban High Class Cottages in St. Petersburg • Jan-Jun 2022/21

From January to June 2022, the number of suburban real estate transactions in the Saint Petersburg area, considering high class cottages only, decreased by...

(−45%) Business Class Real Estate in Moscow • Jan-Jun 2022/21

From January to June 2022, the number of real estate transactions in Moscow, considering business class property only, reached 6,000. This represents a 45%...

(+44%) Housing Commissioning • Jan-Jun 2022/21

From January to June 2022, commissioning of residential buildings in Russia reached 52.61 million square meters of total floor space. This represents a 44.2%...

LATEST MARKET STUDY

spot_img

COVID-19 CASES

Russia
648,902
Total active cases
Updated on 25.09.2022 07:03
20,746,163
Total confirmed cases
Updated on 25.09.2022 07:03
386,662
Total deaths
Updated on 25.09.2022 07:03
19,710,599
Total recovered
Updated on 25.09.2022 07:03

CURRENCY EXCHANGE RATES

RUB - Russian Ruble
EUR
59.3405
USD
59.5028

Latest Articles