the share of unsold housing in Moscow in July amounted to 59.8% – Kommersant
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Analysts at Promsvyazbank (PSB) have calculated that the share of unsold housing in the Moscow real estate market in July amounted to 59.8%. This indicator decreased by 0.9 percentage points month on month.
“The downward trend in unsold housing has been observed since April 2023, when its share was 61.3%. Developers held back the withdrawal of a new volume of supply, which, against the background of the weakening of the ruble and the recovery in demand for apartments, led to an increase in sales in the primary housing market. comments PSB Chief Analyst Volodymyr Lyaschuk. He predicts a decrease in the share of unsold housing in the Russian capital in the second half of this year.
Previously, the real estate market analysis service bnMap.pro calculatedthat the leader in unsold new housing in Russia is Omsk: almost 77% of the areas in new buildings have not found buyers there. The lowest share of unsold housing was noted in Nizhny Novgorod: out of 733.3 thousand square meters under construction. m of housing demand was not found 387.4 thousand square meters. m, or 53%. In Moscow, 8.6 million square meters remain unsold. m of housing, according to experts, it takes 2.9 years to sell it, provided that 247.2 thousand square meters are sold every month. m.
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