https://icdn.lenta.ru/images/2020/05/19/12/20200519125307436/pic_9be35e77300299ad57a0582a57cd395d.jpg

the Volume of new supply on the market of new buildings of Moscow for the period from January to mid-may 2020 amounted to 802 thousand square metres — 20 percent less than in the same period last year (1 million square meters). Thus, the city lost about 200 thousand “squares” primary residence, should from company Level Group provided “Tape.ru”.

compared with the figure for the first 4.5 months of 2018 (1.2 million square meters) volume of new supply in the capital market of new buildings has dropped by a third, analysts estimated. Thus from January to mid-may 2020, developers launched 11 new housing projects with a total project area of 984 square meters.

the Number of transactions with new apartments in Moscow in April amounted to 2.9 thousand, down for the month at 49 percent, and in annual terms by 45 percent, experts say. The number of mortgage transactions decreased by 40 percent (1.5 vs. 2.5 thousand thousand a year earlier), despite the Central Bank reducing the key rate to 5.5 percent.

“In many ways, this drop can be explained by the fact that the state funding program, mortgage rates began to operate only in the second half of April, and its market impact can be assessed at the end of may”, — explained in the Level Group.

Earlier in may it became known that the cost of housing under construction in Moscow continues to rise in spite of negative consequences of the regime of self-isolation. Last month, the average cost per square meter in new buildings of the capital increased by 1.3 percent compared to March figures. In annual terms, the price increase amounted to 11 percent. By may, the new “square” in Moscow worth EUR 205.8 thousand rubles.