Moscow entered the top 10 rating of cities in terms of rising prices for new housing

During the year, the dollar prices for new housing in Moscow rose by 8.9%, and as a result, the Russian capital fell into the top 10 rating of the largest cities in the world in terms of growth in residential real estate prices. This is written by Vedomosti with reference to the study of the CBRE consulting company.

In total, the rating compiled by analysts included 35 cities, and Moscow took sixth place in it only Barcelona (+16.9%), Dublin (+11.6%), Shanghai (+11.2%), Madrid (+10.2%) and Paris (+9.1%). At the same time, the increase in housing prices in CBRE was recorded in 30 cities, and the leaders in the cost of housing were Hong Kong, Singapore and Shanghai.

According to the partner of the Metrium company (participant in the partner network of CBRA), Maria Litinetskaya, the increase in housing prices in Moscow is explained by an increase in demand for apartments in new buildings caused by a decrease in mortgage rates last year. The inflation wave caused by the devaluation of the ruble also influenced prices, Litinetskaya believes.

Recall that according to the results of February, the average cost of primary real estate in Russian millionaires increased by 6% compared to February 2018 and amounted to 65.5 thousand rubles per square meter. Then the experts noted that the developers began to actively increase prices in the projects under construction in the second half of last year, trying to adapt to the gradual transition of the industry to the escrow account, which should finally end by July 1, 2019.

In March, the Mercer consulting company has published the next rating of the cities of the world on comfort. Vienna became the winner for a tenth year in a row, while Russian cities practically did not improve their positions in the ranking-Moscow and St. Petersburg were at the end of the second hundred.