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Offer in the primary market exceeds the demand. For the first half of 2017, the commissioning of housing in Moscow fell by 39.2% to 827 500 sq. m. Experts believe that it's all in the decline in consumer demand. Now offer in the primary market of Moscow region is 5.5 times higher than the demand: 249 556 of apartments sold in the second quarter accounted for 45 585 deals. Apartments in houses built in previous years, remain unsold, while he added to them new housing.

Buying activity is decreased so that the average price of new buildings fell in the capital to the minimum performance over three years – up to 192 700 rubles per 1 sq. m. In the last two years, the price gradually creep down by 10% per year. "To overcome these negative dynamics could dramatically reduce housing construction in the Moscow region – approximately 30-35% of the planned for the coming years." But this will not happen. "By the end of the year we expect a significant entry of the real estate – not less than 7-7,5 million square meters", – stated in the Moscow construction complex.

The downward trend in consumer demand characteristic of the whole country. In Russia for the first half of 2017, the commissioning of housing has decreased by 11% . Input of apartment houses decreased by 6.7%. However, in some large regions of the input, on the contrary, increased. For example, in St. Petersburg (29% to 1.6 million sq. m.), Leningrad (10% to 1.47 million sq. m.) and Rostov (3.8% to 1 million sq. m.) regions.

A large drop entering at year-end in the country, said a member of the public Council under the Ministry of Ilya Ponomarev: "the Builders finish a year or two ago projects. But new construction projects in the regions it is smaller and real decrease of entry in the country maybe next year." The head of the Ministry of construction Mikhail Men announced that in 2017 will be commissioned in about 75 million square meters of housing compared to 79,8 million last year.

Contacts:

Office:   Moscow, Volgogradskiy prospect, Business center «TheCube», room 416
Legal services:  +7 (499) 391-57-55 ; +7 (916) 546-99-25 (hours)
Real estate services:   +7(499) 391-55-56
For customers speaking any of these languages -
English, Tamil, Malayalam, Telugu, Kannada, Hindi:
+7 (977) 288 59-95
Еmail: 89165469925@mail.ru; interlex17@rambler.ru

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