Real estate in new buildings of Moscow region cheapened by 1,7% in August 2010

The middle level of prices in the primary real estate market of Moscow region decreased in August 2010 by 1.7% and made up 2.09 thousand USD for a square meter (63.8 thousand rubles for a square meter).

This information was published by info-analytical department of “Peresvet-Invest” Company. According to company analysts, negative price dynamics of May and June, 2010 renewed in August, 2010 in USD equivalent. Ruble equivalent depends on USD rate as before.

Experts believe that price decrease is connected with the abundance of investment apartments which are displayed for sale at prices lower than in new objects. Prices both in rubles and in dollars grew depending on the remoteness from Moscow only in the far Moscow region by 0.4%. Near and middle Moscow region shows the decrease of prices.

The least negative changes were registered in the towns situated 16-30 km far from Moscow (0.2%). The most considerable decrease was registered in satellite towns (2.3%). Prices decreased by 1.5-1.6% in the other towns of Moscow region.

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