Price increase for new buildings in Moscow region

According to survey published on RBK-Nedvizhimost’ site, in October 2009 there was registered price increase for a square meter in new Moscow region buildings.

The tendency takes place both in dollar and in ruble equivalent. Relative to September, 2009 the price in rubles increased by 1,1%, in dollars by 5,31%, making up the average price 2,2 thousand USD or 63,2 thousand rubles for a sq.m. Still, some experts registered a minor price decrease for new buildings in Moscow region.

As MIEL company reports, the major price reduction by 1,1% was registered in primary business-class segment. The price for a square meter in middle class buildings reduced by 1%, and for economy-class remains practically at the same level.

Realty experts as well registered dependence of price correction of new buildings on its location.

or instance, in the nearest Moscow region prices remain practically at the same level (5 km and 6-12 km from the Ring Road – change made up 0,1% and 0,5% respectively, 26-40 km form the Ring Road the correction made up 2,9%).

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