Falling prices of real estate in Moscow continues. Experts say that the old price correction is likely to be "crushed" by the new autumn growth of prices on metropolitan housing. Apparently that is happening in the market - recent decline in prices for apartments. Based on the report "Indicators of real estate market", for the days from 16 to 23 July, the average cost per square meter of Moscow housing decreased by 0.1% to 4059 dollars per square meter. Most cheaper brick five-storey blocks at 0.3 per cent to 3967 dollars per sq. Prices for apartments in prefabricated houses in height from 9 to 14 floors fell slightly less, at 0.2%, there is per square meter have to pay 3757 dollars. In the old panel five-storey square meter fell by 0,1% to 3650 dollars per square meter Correction in prices for apartments in Moscow, almost to a standstill - the prices for apartments in other types of houses have not changed. A square meter in the house of a modern monolithic brick is 4542 dollars per sq ft, in "Stalin" - 4878 dollars, and in modern high-rise panel 4058. Housing prices in Moscow, reached a peak in late 2006, with the beginning of 2007 began to decline. This month the price of capital fell flat at 0.44 percent. Profitability index of housing at the moment leaves - 0.73 Income from bank deposits and continues to decline. It is unlikely that the capital property may be cheaper, and more.
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