back to top
Sunday, July 14, 2024
26 C

Supply down by 10%

(−60%) Suburban Elite Properties in Moscow • Jan-Mar 2022/21

From January to March 2022, the number of suburban real estate transactions in the Moscow region, considering elite class property only, decreased by 60% compared to the same period of the previous year. About 60% of all transactions were sales of cottages, 10% townhouses, 30% land plots.

At the end of the reporting period, the volume of supply in the primary market increased by 4%, to 335 lots only. The lions share of 82% of the actual supply was available from the secondary market. The total supply reached 1,878 lots, down by 10% year-over-year.

The number of households becoming owners of new elite class houses in the suburban area of Moscow is one of the key factors shaping the demand for premium and high-end furniture (including outdoor) in the medium term. We are tracking this indicator more closely within our extended Market Reports.

Related Articles

(+3%) Sales of Manufactured Goods • RUS • Jan-Dec 2022/21

From January to December 2022, sales of manufactured goods in the Russian retail reached approximately 21,481 billion rubles. This represents a 2.7% increase compared...

(+15%) Furniture Production • RUS • Annual Change 2022/21

From January to December 2022, the furniture production volume in Russia reached 356.24 billion rubles. This represents a 15.19% increase to the corresponding period...

(−30%) Housing Mortgages • RUS • Annual Change 2022/21

From January to December 2022, the number of housing mortgages issued in Russia reached 1.29 million. This represents a 30% decrease to the same...



Macroregional Context