Moscow housing fell in price over a week by 0.5%

Real estate prices in Moscow continue to decline, and a short festive week could not interfere with the development of this trend. According to the analytical center IRn.ru , the average level of housing prices in the capital lost another half percent (-0.5%) per week and went below the mark of $ 6,000 per meter.

It is noteworthy that the dollar rate this week remained relatively stable, therefore, unlike past weeks, the ruble prices for apartments in Moscow are now incidentally fall, which can be seen using the data of Metrinfo.ru magazine.

As experts have not been noted more than once, the psychologically significant round values ​​of the average level of housing prices turn out to be threshold for the real estate market. So the current crafts of the Moscow market from growth to decrease occurred at 6,000 dollars per square meter. The past stagnations of 2007 and 2004 occurred at the level of $ 4,000 and 2000 per meter.

Recall that indices of prices for apartments in Moscow are calculated without taking into account elite housing and non -spy apartments, which can distort the overall picture, as a rule, towards increasing indicators. Indexes also contain adjustment to real sales prices, which makes them slightly lower than overstated prices.