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In January, the volume of sales of apartments under the DDU in new buildings in the capital increased by 35% compared to 2021, while the supply in this segment decreased by 9.5%, according to the Bon Ton real estate agency.
“Fear of further price increases and the prospect of an increase in mortgage rates motivated citizens to accelerate their plans to purchase housing. So, according to the results of January, the volume of registered DDUs in the mass segment of new buildings within the boundaries of “old” Moscow exceeded the figures for January last year by 35.4%,” said Natalia Kuznetsova, general director of the Bon Ton real estate agency. According to her, first of all, the most budgetary lots are “washed out” from the market.
While the demand for apartments in new buildings is growing, the volume of supply in the mass segment is declining. According to the company’s analysts, the total volume of supply within the boundaries of the “old Moscow” fell by 9.5% in January. “In the comfort class, which accounts for 98.4% of the total supply in the mass segment, the figure for the month fell by 9.2%, in the standard class — by 24.7%. The situation could not be corrected even by the additional volumes of real estate that went on sale in January 2022,” analysts say.
The average price of apartments in the capital, according to “Bon Ton”, increased by 1.4% in January and amounted to 13.3 million rubles. In the comfort class, the growth was 1.1%, to 13.4 million rubles, in the standard class, 9.4%, to 10.8 million rubles.
Source: Rosbalt
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