At the June 2008 average unit price proposals on the primary housing market of Moscow is $ 7673 per square meter. m. The maximum value of this indicator was recorded in the CAD – $ 16,775 for the quarter. m, despite the fact that the gains in the district was minimum – 16%. Experts "MIEL-New" link just a slight increase in the cost of the proposal with the release of a greater number of new projects at an early stage of construction readiness.
The cheapest offer on Market noted in SEAD, where the cost per square meter was $ 5659. The greatest price increase was recorded in the HLW, SAD, and SEAD. This is explained on the one hand shortage of supply in these counties. On the other hand, the cause of elevated growth is associated with the replacement of the average economy class and business class in the structure of sentences. Traditionally, the most expensive proposal was recorded in the segment of luxury housing. The weighted average price per square meter in Objects of this class was $ 22,934, up 24% compared with those of late last year.
25% of changes were recorded in the segment of the business class, where the cost per square meter by the end of Quarter I reached $ 7276 per sq.m. The highest price growth rate recorded in the segments of medium and economy class – 31 and 28% respectively, due to shortage of supply in these segments. It is worth noting that such a significant price increase due to several factors. First, compared with the beginning of 2008 the total volume of supply in Moscow decreased by 5%. This reduction in input housing is a consequence of displacement of construction and economy for the middle class beyond the Moscow Ring Road (the amount of housing supply panel declined by 26%, while the offer in a segment of the middle class declined by 23%). Take their place in high-quality projects segments. However, despite this, the volume introduced high-end residential and business classes are not sufficient, resulting in unmet demand. So the leaders in terms of housing were introduced SWAD, CAO and CJSC, where the supply volume increased by 27%, 21% and 19% respectively. A significant reduction in supply in the I quarter observed in the HLW, ILW and SEAD, where the corresponding figures dropped to 43%, 37% and 33% respectively. Such a decline in supply in the primary market of housing property led to an increase in demand for input objects, which also gave rise to higher prices. Flexer, Boris, director of the Research Center of the company "MIEL-New" believes that in the near future expected to stop rising prices is not necessary. Refers to it as expensive segments, and to the housing economy and middle-classes. The main reason remains the reduction of panel construction in Moscow. In most areas developers to build more profitable and easier to implement higher-end housing. Areas where the construction of business-class housing is not justified, will be built projects designed to meet the social needs. Thus, the demand for economy class housing in Moscow is still unsatisfied. And, therefore, there is an increase in its price. As for the luxury housing market, it will behave more calmly, since this year was derived on the sale and planned to conclude a large number of new facilities. This suggests the emergence of a new volume of supply and, consequently, we can conclude that the prices of items in this segment will rise moderately.