REAL ESTATE Moscow continues Expensive!

The average price of Moscow apartments proposals for follow-up to February increased by 5% to 6028 dollars per sq. m. This monitoring data show the real estate market. The volume of proposals in February increased by 19% and amounted to some 35 thousand objects. Number of flats, first exhibited for sale, increased by 11%, the share of the new proposal takes 32% of the total. The increase in the average price observed in all districts of Moscow. Maximum Yields locked in cheaper areas (5-7%), in prestigious areas slightly lower rate (4-5%). As usual most popular enjoy one apartment. Their price has increased by an average of 6.5%. Few grew up prices for multi-apartment - 3.3%. Housing economy class is becoming more expensive in now as quickly as possible. Leaders of that segment - "hruschevki," followed by "low quality panel." The increase in prices in the middle and business classes is at one level, the price of apartments in the category "monolith" for the month has not changed. The volume of proposals urban apartments began to recover lost during the Christmas holidays positions and almost reached the level of November-December 2007 more rapidly in the first months of this year, becoming one expensive apartments and cheap housing of low quality. This suggests a higher demand for apartments, which are more likely than others in times of declining stability used in investment purposes. In the coming months we expect lowering activity of buyers and prices decline in growth to 3%. " With the beginning of the year, average prices in the secondary housing market in Moscow grew by 10%. In February, despite the increase in the proposal, the pace of price growth remained at the level of the previous month.