Elite Residential Market of Moscow after a Year of Financial Crisis

It's been a year since the financial crisis struck the Russian real estate market. All the market players faced challenges and searched for different ways to adjust to the new reality. Developers focused on their projects close to completion postponing projects in the pipeline, offered discounts, reduced prices, tried to stimulate demand in every possible way. Buyers adopted a wait-and-see approach due to the uncertain times and unstable situation in the labor market. The crisis affected all the industries and all the segments of the real estate market, and the elite residential market was no exception. Currently the market is showing signs of stabilization but the crisis has not been localized yet, that's why it's too early to make conclusions. The market has seen changes which deserve attention of all the players. In this Research, we've analyzed the impact of the financial crisis on the elite residential market of Moscow and its players over the last year.