In August, Moscow’s primary luxury housing market recorded a sharp increase in buyer activity, comparable to the demand peak in March 2022. The newspaper reports this “News” With reference to analysis data from the Dolgov PRO agency.
According to their data, 46% of the apartments sold in the premium segment were in new business class buildings. 67% of the transactions were carried out using a mortgage loan.
“The average price per square meter in the business class increased to 450 thousand rubles. This is 3% higher than in July,” said Dmitry Dolgov, director general of the agency.
He added that this segment is most in demand among business owners with income of 500 thousand to 1 million rubles. 60 percent of buyers are from Moscow. According to the expert, most often luxury apartments are purchased for their own residence in a prestigious area. The greatest demand is for new buildings in the Southern Administrative District, North-West Administrative District and Western Administrative District of the capital.
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