There is an increase in demand for apartments in newly constructed buildings in Moscow. This was reported by “Kommersant”.
According to the publication, during the year the supply of such objects decreased by almost a third. Analysts at NDV Supermarket Real Estate calculated that the share of apartments in houses at the first stage of construction (foundation pits or first floors) in the total volume of supply in Moscow’s primary market decreased from 37.5% to 25.2% in October 2022. October 2023.
Metrium General Director Ruslan Syrtsov attributes the high demand to the activities of investors who buy such apartments at the foundation pit stage with the aim of selling them at a higher price.
Due to a shortage of supply, prices for apartments in buildings in the first phase of construction are increasing faster than in new buildings that have already been completed. Thus, according to NDV Real Estate Supermarket, the cost per square meter in foundation pits increased by 26.8% during the year, while in completed houses it increased by 14.7%.
At the same time, unsalable supply of finished homes is accumulating. Thus, according to Metrium, the number of plots in completed residences increased by 41.4 percent compared to last year. This is because investors try to stay away from ready-made properties.
Before that the Central Bank expressed There are concerns that the increase in mortgages in Russia will be accompanied by an increase in house prices.
Previously in Russia clarified real increase in the cost of new buildings.