In this market monitoring, you can find information about the residential and commercial market development in Moscow and Moscow Region in July 2010.
The buyers' activity remains traditionally low. In general it may be stated that the prices in the market are stable. The change in supply pattern and currency rate fluctuations have still the main impact on average price level. The prices advance in July 2010 was noticed only on some properties, moreover, it did not exceed 2-3%.
In July 2010 the commercial office space market in Moscow saw the traditional summer lull: the market remained stable, some large transactions on properties lease were concluded.
The most striking events of the retail market in July concerned demand. Thus, Nordsee fish restaurants chain forthcoming delivery in the Russian market was announced: the first property will appear in Moscow before the end of 2010.
In July it was reported about the plans of development of two hotel chains in the Russian market. Thus, OAO "Hotel company" announced the project of economy-class hotel chain "VashOtel" in Moscow on the base of 11 existing hotels of medium and low segment. Another significant announced project is the decision of "Abrau-Durso" sparkling wine producer together with Cronwell Hotels&Resorts hotel operator to develop boutique-hotels chain with wine SPA-centers in Russia.
In July 2010, the main trends of the countryside market, which were formed lately, remained relevant. Abnormal hot weather, settled in Moscow region did not frighten developers: the market remained rather active. In July, it was reported about sales in 9 new settlements, moreover, for the first time in last months, the share of the newly delivered settlements, where land plots without building contracts are offered for sale, amounted to a little bit less than a half.1. Residential real estate market.............................................................. 3
2. Office market.................................................................................... 5
3. Retail market..................... ............................................................... 7
4. Hotels market......................... .......................................................... 9
5. Countryside real estate market ............................................................ 11