Building and repairs

Ends the first half of 2011. By tradition, many experts summarize up to 6 months of development capital real estate market, and gently drop in the months ahead. Why analysts are cautious? Because they do not want to get into, as they say, ‘finger in the sky. ”

Let’s look at the trends in such important parameters as the average level of prices, the total amount registered in Moscow Rosreestra transactions and demand for housing. According to the portal “Rambler-Real Estate”, for the first six months of 2011 average price level of capital business-class housing and luxury segment grew by 6%, the total volume of registered transactions increased by 12.5%, and the demand for luxury housing – 15 %.

For the I half of 2011 the total demand for luxury apartments rose by 15%. It should be noted that the vast majority of apartments, transactions with which have been reported over the past two quarters have been sold at prices ranging from one to five million dollars. If you compare the statistics of such transactions in the first quarter with the statistics of the second quarter, the volume of transactions rose by an average of 5%. As for the high-budget deals with amounts of 5 to 10 million USD, their number has fallen to 3%, and the transaction cost of apartments ranging from 10 to 15 million USD decreased by 2%. In graphic form, it looks like this:

Distribution deals on budgets in the I half of 2011. Elite segment.

In the first half of the greatest demand is relatively small apartments with a total area of?? 100 square meters. M. At the sale of luxury buildings such housing is in high demand and sold out at the beginning of sales, and large apartments have become “stale.” In other words, we have a lot of pent-up demand for small luxury apartments. Builders and developers of housing need is taken into account in the future.

An interesting situation arises in the segment of the business class apartments. For the six months from the beginning, the total demand rose by 9%. The majority of past transactions were related to real estate in the price range of 500 000 – 700 000 $ and 700 000 – $ 1 million.

It should be noted that during the I half of the capital market on consumer demand of new buildings gradually shifted towards more expensive proposals. If the volume of transactions in a range of up to $ 700 thousand was reduced to 7%, the number of deals with a budget of $ 700 thousand – $ 1 million grew by 3%.

Distribution deals on budgets in the I half of 2011. Segment of the business class.

Buyers of business class apartments in the past six months have shown interest in acquiring a solvent apartments with total area of?? 100 to 120 square meters. Why so? This kind of housing cost 800 to 900 thousand USD. With an abundant variety of resurgent after the crisis of mortgage products, with the opportunity to acquire an apartment with an initial payment not to exceed 20% of the purchase price, such expenses fit into the budget of middle class family consisting of two adults and one – two children.

Increasing the volume of supply in the primary real estate market in the first half was 16.7%. Number of proposed apartments luxury segment buildings has increased from 1800 to 2100. It was directly connected with the output on the market five brand-new apartment complexes: Skuratov House, Barkli Virgin House, Barkli Park, Pechatnikov lane, 3 “and” On Trubetskoy. ” 300 apartments in these complexes occupy a total area of??67200kv. M, ie, the average area of?? apartments is 224 square meters on average

A few words about the structure of total supply. More than a third of the total in the market for apartments had a 3-room apartment, then followed by volume 2-bedroom and 4 bedroom apartments. But the most scarce supply – one-bedroom apartments. Their total volume is less than 4.3%.

Sentence structure by number of rooms.

New business class offered in the first half to a much lesser extent than in the past: the volume decreased by 13.3%. During this period, new facilities brought five “tent”, “Grape,” Nicholas House, “” and “Sunflowers”, resumed sales in the «Sky House».

Now about the prices. Prices for elite new show growth of 4.9%, ie $ 22.3 thousand to $ 23.4 thousand per square meter. At the same elite “secondary housing” has risen by 7%, while in the segment of business-class cost per square meter went up by 3.7% (new buildings) and by 3.5% (secondary housing).

The tables below are a few visual graphs:

Graph of the average price of square. M. Of total area

(Luxury Real Estate)

Graph of the average price of square. M. Of total area

(Real estate business class)

These average and maximum value of luxury apartments, depending on the region

About idle conversations in the corridors. Many of gossip recently that sobyaninsky recent ban on the construction of new buildings in the center will provoke a sharp rise in prices for what remained. As long as we do in full scale is not visible. Some retailers have tried to rewrite the price tags, but buyers are in no hurry to move to the new realities. There is another reason: the market took several new facilities that contribute to the stabilization of supply and demand. In order to maintain the current balance at the end of the year, will be enough if the market falls another 2-3 worthy project. Get to market these items, so prices zastabiliziruyutsya. And do not come out – then the rise in prices by 30-35% for the year would be absolutely inevitable.

On the other hand, the segment of the business class has more than 60% of all proposals in the primary market. So that its volume is sufficient to increase prices in the segment was moderate (in the range 1-1.5%).

There is another aspect to which we have no way affect can not but take it into account we have to. This proximity of the elections. The experience of past elections suggests that important for people to understand the general direction of movement and development of the country. When it becomes clear who exactly will be at the helm next, at least 6 years old, people will start to actively solve the backlog of housing issues and more willing to invest in real estate.