NF Group: premium real estate market in the Moscow region grew by 14%

According to the consulting company NF Group, in 2022, about 2,290 lots were exhibited on the elite real estate market near Moscow, which is 14% more than last year. 81% of all offers are secondary housing, mainly located on the Novorizhsky and Rublevo-Uspenskoye directions.

The statistics took into account townhouses (from 30 million rubles), cottages (from 50 million rubles) and plots without a contract (from 600 thousand rubles per cell). With the growth of supply, the demand for real estate decreased significantly compared to last year. For the entire year, 118 transactions were registered in the primary premium real estate market (50% less than in 2021), and 4% fewer objects in the secondary market.

“In addition to exchange rate fluctuations, the dynamics of average supply prices in the secondary market was affected by structural changes: the release of new, more budget cottages and more expensive land plots,” the NF Group says in a material. The supply budget in the secondary market decreased by an average of 8% (to 317 million rubles for a cottage, 89 million rubles for a townhouse).

In December Intermark Real Estate agency reported about a 22% decrease in demand in the elite housing market in Moscow. The company attributed this situation to the mass exodus of wealthy Russians abroad and the withdrawal of foreign companies from the local market.

Andrey Sapozhnikov