Despite the program of preferential mortgage and cheaper housing prices, the housing market of New Moscow turned out to be more vulnerable compared to sales in Moscow, estimated by the developers and analysts. If the old borders of the city, the demand in April declined by 44% compared to the year 2019, in those areas, and the decline reached 66%. Market participants believe that the reasons for this trend could be the unwillingness of developers to sell homes via the Internet and supply reduction. However, according to some projections, to recover sales in the area can also faster than in other parts of Moscow.According to analysts polled by “Kommersant”, housing sales in these areas in April fell more than within the old borders of Moscow. In the “Historical” estimate that over the past month in New Moscow has registered 832 transactions for the purchase of apartments in new buildings, which is 66% lower than a year earlier. At the same time within the old borders of Moscow buyers accounted for 2.8 thousand contracts equity (DDU) — the decline over the same period of 2019 amounted to 44%. Managing partner of “Metrium” Maria Litinetskaya relates the difference in the dynamics, primarily from a faster growth of prices for flats in New Moscow. In addition, several large projects, the sale is almost over, so the volume of supply has decreased significantly, she adds.As reported by “Kommersant” informed, in General in Moscow and Moscow suburbs the decline in registrations kindergarten was almost 50%, and in the end, the past month was the worst for developers over the past two years. The developers predicted that by the end of 2020 sales will fall by at least 10-20%.Compared to March, according VSN Realty, in April, the demand for housing in new areas, and decreased by 48%. CEO Ian Glazunov suggests that in addition to the isolation have a negative market impact and failures in the system of Federal registration service, including in April, was a serious difficulty. In addition, not all developers were willing to move to online sales. In addition, some demand was supported by the fact that due to the crisis some consumers were forced to cut budgets to the apartment and therefore refused to deal within the old borders of Moscow, says Ian Glazunov: the housing choice worth up to 8 million rubles. in the New areas is much wider.The Director for development GK A101 Dmitry Colors confirms the numbers of the company: in April the developer has sold 49% of apartments less than in March. However, in General, the market areas, and a decrease for the month reached 53%, he insists. In the first half of may, the market picked up somewhat, hopefully the developers.the volume of supply in New Moscow rose in April by 6%, and the average cost of 1 sq m in the previous month, increased by 4%, to 137 thousand rubles. In “Historical” give a different prediction: if the second quarter fall in the number of trades is 65%, and in the second half of the year the decline slowed to an estimatedGSI to 15%, including through the program of preferential mortgage, at the end of the year you can expect a decrease in the demand for housing to 30% compared to the year 2019.According to “Metrium” sales in Moscow have started to fall in 2019, when the developers made 16% less in the kindergarten, although this demand has grown for three years. In 2016, the number of kindergarten increased by 100% in 2017 60% in 2018 38%.Dmitry Flowers notes that the market recovery will depend on the state support of mortgage: even the initial conditions of subsidy (the credits began to issue up to 8 million rubles for 20 years at a rate of 6.5% per annum) allowed to reduce the monthly payment by 20-22% compared to the previous rates. Now the key rate has fallen to 5.5%, which will make payments even less. Forecasts of the market return at least to the level of 2019 can be done until autumn, when they understand the consequences of a regime of self-isolation, careful the Majesty of Colors.Remote sales are still more in demand by buyers from other regions, which until the isolation was not so much opportunity to come to Moscow a month to travel to different districts, said Mr. Flowers. At the same time he agrees with the forecast VSN Realty that in those areas, and the demand will increase faster than in Moscow.Elizaveta Makarova
