By the end of 2001, housing prices in Moscow are expected to rise by 8-10%. The Russian Guild of Realtors reported this to RBC. And in February, a new procedure for calculating rental rates for non-residential premises came into effect.

In the second half of last year, prices on the secondary housing market in Moscow rose by 7%. In December 2000, the index of changes in housing prices in the capital compared to December 1997 reached a value of 0.71. The volume of mortgages in total sales today is 3% of sales in Moscow.

According to the forecast of the Russian Guild of Realtors, in 2001 the demand and price for housing in Moscow will enter a stage of sustainable growth. At the same time, the purchasing power of the dollar in Russia last year decreased, according to some estimates, by 20%, and this year the decrease may be another 9%.

Meanwhile, a new procedure for calculating rental rates for non-residential premises has come into effect in Moscow. By order of the mayor of the capital, Yuri Luzhkov, the minimum rental rate has been increased by 20% (up to 420 rubles), and a number of calculation coefficients have been increased by 10-30%. It is expected that this will lead to an increase in rental rates in the entire non-residential sector, with the exception of class A offices.

In addition, from February 1, the procedure for calculating the activity type coefficient has been increased. For snack bars, warehouses, customs terminals, news agencies, auto repair shops, video and audio studios, travel agencies, slot machine halls and discos, the calculation coefficient has been increased from 1.4 to 1.8. Enterprises of all industries, cookeries, canteens, cookeries, construction companies, recycling offices, waste disposal companies and preschool education groups - from 0.8 to 1.

Housing prices are expected to rise in Moscow