Apartments in new elite buildings rise in price by 7,5% in April, 2010

Accommodation in new Moscow elite buildings rose in price sharply in April, 2010. According to IntermarkSavills company, the average price in dollars increased by 7,5%, making up 14,3 thousand dollars.

Experts of the company suppose that the sharp rise in price was provoked by the price increase (from 10 to 20%) in four projects in which 45% of apartments concentrated.

However analysts specify that the current prices are considerably less than in pre-crisis years. We should mention that the maximum price peak fell on July, 2008, accommodation in new buildings was offered at the price of 22,9 thousand USD for a square meter.

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