Demand for Moscow apartments returned to pre-crisis level

Hope participants in the Moscow real estate market on its emergency resuscitation justified. According Rosreestra, the amount of buying activity in the market of housing capital in 2010 increased by more than half. Officials have registered a record volume of transactions in an apartment in Moscow, which is comparable only to 2003. According to experts, it indicates a full recovery in demand in the housing market. Last year, the administration of Moscow Rosreestra recorded 85.65 thousand transactions apartments. This is 53.85% more than in 2009, which amounted to 55.67 thousand This increase in the number of transactions suggests full recovery in demand for housing Moscow, I'm sure the general director of analytical consulting center (ASC) "Miel" Vladislav Lutskov. According to him, over the past ten years, more apartments were sold only in 2003 - 87.5 thousand driver of growth last year was a secondary market for economy-class housing, which was concluded on the lion's share of deals, said the head of the analytical center of the corporation, "Inkom" Dmitry Taganov. According to ASC "Miel", the greatest demand in the flat panel houses improved series, located in the residential districts of the capital. The popularity of business-class housing in 2010 increased by 20%, and interest in luxury apartments - 15%, says director of sales of real estate company Penny Lane Realty Alexander Zima. According to him, last year, buying habits have changed in favor of the most expensive objects. For example, a 12% increase in the share of transactions with a budget of 10-15 million dollars and 3% - more than $ 15 million However, the urban real estate can not boast of the growth dynamics, which demonstrated the suburban housing market. According to the company Villagio Estate, sales of suburban houses grew by an average of 70-80%. "Compared with 2009, the total number of sales in our elite settlements at Novorizhskoye highway increased by 110%", - said director of marketing for Villagio Estate Lydia Grechina. According to experts of the company "Terra Real Estate", the fall of 2010 the activity of buyers of suburban housing has increased by 50% over the same period in 2009. Resuscitation metropolitan housing market experts explain the return of pent-up demand, which made itself felt in the wake of the restoration of the Russian economy. Increase sales realtors also helped shortage in supply of new buildings in Moscow, as well as its bias in favor of more expensive business class, said Vladislav Lutskov. Return of buyers in the market due to the fact that in 2010 became apparent trend to higher prices for housing, said Alexander Zima. According to ASC "Miel", from March ruble prices at an affordable monthly secondary housing grew by 1%, and the leaders of growth were flat in monolithic houses (13.6%) and small-sized housing in panel Khrushchev (+10.8%). In 2010 the value of the "square" in the homes of business and premium class has grown by an average of 11-14%, adds Mr. Zima. The growth of metropolitan housing market allows the experts to conclude that investors are returning to Moscow. The share of investment transactions in the capital - up to 10% of all contracts of sale, the analyst said the company "Investkafe" Maxim Lobada. According to Dmitry Taganova, depending on the segment of the market and general economic conditions, buyers are investors provide 5 to 15% of transactions in the housing market. At present, the profitability of investments in housing than the official rate of inflation, says expert, but warned that real estate investments will be long. According to analysts, "Miel" in Moscow this year, housing will go up every month by 0.5-1% and in the end closer to the pre-crisis indicators. Rising prices will accompany the stabilization of consumer activity. The average monthly number of transactions in 2011 will be about 6.5-7 thousand, which is normal for Moscow, Dmitry Taganov concludes. Additional materials Subject: «RGI does not want to change the Board of Directors" Company RGI International, controlled by its general director, Boris Kuzintsu and specializing in the construction of real estate, appointed on January 27 an extraordinary meeting of shareholders. On the agenda by Synergy (supervised by Peter Schure and owns 22,25% RGI) made corporate governance issues. In particular, Synergy insists on changing the composition of the Board of Directors of RGI, which should leave the chairman Jacob Chrysler, Yoram Evan treasurer and son of Boris Kuzintsa Emanuel. In an official letter to shareholders RGI, which was published last Friday, the current board of directors (it also includes Peter Schur and Timothy Fenwick) recommended not to support the initiative Synergy. RBC daily