In the suburbs land fell sharply in price: demand fell by an order of magnitude
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Experts assessed what influenced and whether it is worth taking
Land plots have become less interesting for potential buyers in the Moscow region. As a result of October, the demand for them decreased by 15 percent compared to September.
Experts note that the number of applications related to the purchase of land in the Moscow region has been declining for two months in a row. There is also a difference compared to last year. In October this year, the demand for land in the Moscow region was 31.88 percent lower than in the tenth month of 2021. Compared to October 2020, in 2022, the negative dynamics was 18.22 percent.
– In this segment, there is a clear seasonality, which also affects the sale period, – clarified in one of the capital’s real estate companies. – But at the same time, the land remains an important object for investment, since today you can find very interesting options at a very interesting price. At the moment, discounts in this segment reach 50 percent.
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