Red Square, Moscow

In August 18-24, the price of square meter of housing decreased by 1.5% and became equivalent to $4,140 in the economy-class segment of Moscow residential-development market. According to Agent 002 Real Estate Agency, the number of apartments for sale fell by 5%.

The primary real estate market of Moscow business class housing showed a negative dynamics. The price of square meter of housing here was $6,559, which is 0.5% cheaper than last week, and the volume of supply shrank by 5%.

Moscow’s premium residential real estate development market has shown a price drop of square meter by 1.2% to $16,950. The number of apartments for sale rose by 4.6%

Last week, a considerable increase of supply and decrease of price of one square meter in luxury and business-class apartments was registered in the secondary real estate market of Moscow. According to analytical department of Agent 002 Real Estate Agency, some substantial changes occurred in the market from August, 18 to August, 24, 2008. The price of one square meter in apartments of economy class grew by 0.2% and reached $5,755, whereas a number of apartments for sale grew by 0.1%.

The volume of supply in the secondary real estate market of Moscow in business-class segment rose by 4.4%, while the price of sq. m. dropped by 0.1% to $ 8,748.

In Moscow secondary luxury real estate market, the price of sq. m. fell by 0.7 % to $15,780 with supply volume increased by 1.5%

premium residential real estate development market has shown a price drop of square meter by 1.2% to $16,950. The number of apartments for sale rose by 4.6%.