In July 2024, 52,140 apartments and flats were sold in new buildings in “old” Moscow (+7.2% per month). This is the highest level since January 2023, Metrium CEO Ruslan Syrtsov told socialbites.ca.
He explained the dynamics by the desire of developers to expand the options in existing complexes and attract buyers amid falling demand.
The maximum supply was recorded in the west of the capital (8720 lots, +14.8% per month), in the south (8477 lots, +3.4%), in the north (6741 lots, +9.1%). The leaders in terms of exposure volume among the regions were Danilovsky (3032 lots, -4% per month), Pokrovskoye-Streshnevo (2413 lots, +0.5%) and Western Degunino (1954 lots, +21%).
In New Moscow, developers sell 21,520 apartments and flats in new buildings (-0.6% per month). Among the settlements (districts) of New Moscow, the leaders in terms of the volume of exposure of primary residences are Sosenskoye (6943 lots, -6.5% per month), Marushkinskoye (4209 lots, -1.4%) and Desenovskoye (2446 lots, -1.4% per month). -5.6% .
According to Syrtsov, many clients with limited budgets are now reorienting themselves away from the capital’s historical borders towards New Moscow, and local developers are not increasing their supply.
Previously reportedApartments in Moscow are starting to become cheaper.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.