At the end of 2020, the average budget for buying premium real estate in Moscow increased by 8.6% from last year's 58 million rubles, reaching 63 million rubles. In the luxury class, this figure increased from 162 million rubles to 179 million rubles (+10%).
On average, the purchase of premium apartments in the capital requires about 90 million rubles, and in the luxury segment — 200 million rubles. Compared to the prices of 2019, this is an increase of 8% and 15%, respectively.
According to preliminary data, in the premium segment of 1 sq. m now costs 673 thousand rubles (+11% for the year), in luxury-1.3 million rubles (+16% for the year). Prices rose on high demand for expensive housing and reduced supply, as well as due to rising construction costs and currency fluctuations.
What buyers of luxury real estate want?
In 2020, in addition to the growth of housing prices, the needs of buyers have also changed. Most of these transformations are related to the pandemic. For example, the demand for workrooms in apartments has returned. Another important criterion for buyers when choosing luxury housing was the presence of balconies, patios or terraces. This is due to the fact that people began to spend more time at home and need areas for walking.
Particularly relevant were requests for penthouses with terraces, apartments with winter gardens, loggias and townhouses. In addition, buyers have become more interested in the certification of residential projects according to the "green" standards BREEAM, LEED.
Also, the district-leader among buyers of luxury housing has changed: Dorogomilovo district has taken the place of Khamovniki. More attention is now paid to the aspect of engineering and technical systems; the trend for purchasing housing with finishing has strengthened.
In the third quarter of 2020, a record number of luxury apartments in new buildings were sold in the center of Moscow. In three months, 446 high-budget apartments were sold in the Central Administrative District — a four-year quarterly record.