Buyers of expensive housing in Moscow have become more modest

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Photo: Alexander Ryumin / TASS

The average area sold in Moscow, elite apartments in the fall of 2018 was 105 square metres — 12 percent less than a year ago. This is stated in the materials of the Agency Kalinka realty, provided of edition”.ru”.

At the same time decreased and the average budget of deals in expensive new buildings — eight percent to 60.3 million rubles per object on average. Sales of luxury apartments in the capital while growing, analysts say: so, in November of 2018 was signed 60 deals nine percent more than in the same month of 2017.

“The volume of supply in the elite market of Moscow in November has not changed, remained at level of October — about two thousand lots in 56 objects,” — noted in the review.

The weighted average bid price of “elitki” by the winter of 2018 reached 723,7 thousand rubles per square meter.

In November of the current year it became known that high-budget apartments in Moscow are increasingly choosing young customers under the age of 40 years. However, they prefer not to buy but to rent expensive real estate.

Video, photo All from Russia.

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