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Main » Articles » Real Estate » Estate in Moscow

In Moscow, home buying boom

In March, the number of registered transactions with Moscow apartments has skyrocketed and surpassed pre-crisis level. Prices are, mortgages quietly back - people are using the situation to change the housing experts explained.

In March, in Moscow, reported 71% more transactions in flats than in February, and a 59% increase over last March: 6938 against 4047 and 4360, respectively, according to data management Rosreestra Moscow. The current figure exceeds the pre-crisis and figures: in March 2007 there were fewer transactions in 1044, in March 2008 - at 764. If we compare quarterly, here growth: compared with the most active over the past four years I quarter of 2007 - plus 9% 14 908 to 13 681.

Realtors indicate that the majority of transactions - alternative: people come and depart. If in recent months on an alternative had to be concluded in 70-80% of secondary market transactions, today - about 90%, said general director of real estate agency A-Realty Group Valery Barninets. Now is the time to solve the housing issues through exchanges: when prices are falling sharply, or grow, chains are broken, explains the CEO of the analytical center "Miel" Vladislav Lutsk. "The activity of buyers is growing in all segments of the secondary market of Moscow", - he says. "70% increase relates to the midrange. In the market of elite housing - 35-40%," - says Aleksander Zima, Director of Elite Real Estate Penny Lane Realty.

One fourth of the transaction - mortgage

There is a growing and mortgage. The number of mortgage transactions in March increased compared to February by 75%, but compared to last March - in 6,5 times up to 1609. During the months of 2007-2009. More indicators have met only twice - in October and December 2007 (the end of the year the number of transactions, including mortgages, traditionally increases). The share of mortgages in the total number of transactions was 24%.

Loans have become accessible, says Elena Zotov, head tracking mortgage transactions "Fosborn Home." The initial assessment in most banks - already 20%, while interest rates declined: from 16% to 13% in rubles and from 13% to 10-11% in dollars. AHML predicts that in 2010 the volume of mortgage loans will increase by half compared with last year.

People have occupied exchanges, because the prices are, you can build a chain. Apartment prices in general are growing less than inflation, only in some "cheap" segment - by 5-10% in ruble, for example in small apartments ekonomklassa near subway stations, said Alexei Popov, a leading specialist analytical center Gdeetotdom.ru. According IRN.ru, the dollar price index of housing supply in Moscow in March rose by almost 2% from $ 4106 to $ 4186 for 1 square. m, but in rubles meter even dropped in price - from 122 975 to 122 900 rub.

Registration of transactions does not reflect the situation on the market of new buildings, where almost all the apartments are sold without registration of property rights. "The primary market sales is not recovered, and the whole housing market is still the capital of the crisis did not come out, turns it into a third less than before," - assesses Popov. People's need for improved housing conditions did not vanish, and the market gradually returns to its normal state, with moderate demand. Inadequately high growth in property prices - 50-100% per year - which were observed in the pre-crisis years, are unlikely to return, says the chairman IRN.ru Oleg Repchenko.

Growth in sales of apartments - a positive signal, then in the minds of the crisis recedes and the second wave they did not expect, argues the chief of analytical department of BNP Paribas Julia Tseplyaeva. "By itself, does not figure confirms the beginning of consumption growth, as real estate purchase - an investment. But improving the mood of people in the future may change the structure and use of income: people are willing to spend more," - she said.

Category: Estate in Moscow | Added by: Дмитрий (12.04.2010) W
Views: 309 | Rating: 0.0/0

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