Moscow youth convicted in the multimillion-dollar spending on housing

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www.vsyako.netPhoto: Sergey Mamontov / RIA Novosti

Over the past five years, the proportion of Millennials among the buyers of luxury and premium residential real estate in Moscow increased on average from 15-20 to 45-50 percent, according to the materials of the international consulting company Knight Frank, arrived in edition “Tapes.ru”.

The average budget of purchase in 2018, this age category was 45 million rubles, analysts estimated. Mostly young people choose apartment in the Khamovniki district of the city, is also a high proportion of Millennials among home buyers in the Presnensky district. Representatives of the older generation often prefer more premium locations, has historically prestigious streets Ostozhenka and Prechistenka, Tverskoy district.

Experts do not expect further growth in the number of young clients in the capital market of expensive housing, in their opinion, the interest of Millennials will partially shift to the organized segment of the lease.

Meanwhile, currently, the growing demand for “elitku” on the part of Millennials noted by analysts and international markets. According to them, in 2018, members of this generation spent on the purchase of high-budget residential properties in Central London 4.4 billion.

Earlier in August it became known that in the Moscow market of budget new buildings, the share of buyers of apartments at the age of 25 does not exceed five percent, with almost 32 per cent of the deals concluded 26-35-year-olds. In aggregate, Millennials are buying more than a third of the apartments in the projects economy and comfortclass.

Video, photo All from Russia.

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