The monitoring presents the development results of the residential and commercial real estate markets of Moscow and Moscow Region in June 2011.
In June 2011, the elite primary market did not see any direct growth of prices, which was observed in the previous two months, however, the average price grew due to the change of the supply structure. The supply volume remained practically at the same level, no new properties entered the market last month.
In June 2011, high-quality office real estate tenants and buyers remained very active in Moscow – there has not been traditional summer recession yet. A vast deal of transactions on the office premises rent were concluded, the developers’ market was also active.
The main event of the professional retail real estate market of Moscow was the conclusion of several significant investment deals. Thus, “Kaluzhsky” REC in Profsouznaya street, as well as “Filion” and “Gorbushkin Dvor” RC were sold.
The opening of the Radisson Blu Belorusskaya hotel in the 3rd street of Yamskoe pole became the main event in the hotel real estate market of Moscow in June. Two hotels under international hotel operators’ management were opened in the regional cities.
In June 2011, the new settlements were in the process of entering the countryside residential real estate market of Moscow Region. The projects, offering for sale land plots without building contracts, constitute the largest share.
A landmark event of June 2011 was the delivery of “Orlov” project, implemented by Asterra group of companies, located within 12 km from MKAD along the Kashirskoe highway. The settlement will be implemented in the classical style of the times of Catherine the Great. The following project should be singled out among the announced ones in June 2011 – the settlement of Swedish company Norrland Country Clubs – “Norrland Novaya Riga”, the implementation of which is scheduled for September 2011. The project will be located within 120 km from MKAD along the Novorizhskoe highway.Contents
1. Residential real estate market………………………………. 3
2. Office market……………………………………….…………. 5
3. Retail market……… ………………………………………..... 7
4. Hotels market……………………. ………..………….……… 9
5. Countryside real estate market ………………………….... 11