What trends are gaining strength in the capital's apartment complexes
At the end of the first quarter of 2024, the share of apartments in the Moscow real estate market decreased for the first time in a long time. At the same time, developers responded to the boom in domestic tourism and switched the attention of private investors to a new format of apartment complexes. In which districts and areas of the capital the most apartments are sold today, who is buying them, why and at what prices, MK found out.
As Ruslan Syrtsov, managing director of the Metrium company, told MK, the pace of release of apartment complexes on the Moscow residential real estate market has decreased due to the return of the tax on the services of apartment developers.
According to bnMAP.pro, within the old borders of Moscow there are 113 apartment projects on display, with 7.8 thousand lots for sale with a total area of 394.1 thousand square meters. meters. On average, a studio is sold for 9.7 million rubles, 1-room apartments — for 19.8 million rubles, 2-room apartments — for 38.1 million rubles, 3-room apartments — for 96.0 million rubles. Most of the apartments for sale are studios and one-room options (5.5 thousand lots out of 7.8 thousand lots in total for sale).
“Today, service apartments are becoming increasingly popular in Moscow,” Irina Dobrokhotova, founder of BEST-Novostroy, told MK. This is a format that was previously widely represented in St. Petersburg and other tourist cities. Service apartments are a type of real estate where a special management company provides complex services — from maintaining the local area to changing linen, daily services in the apartments, fresh flowers, etc. This format is mainly popular among visitors who are in Moscow for business or tourism and do not have the opportunity or desire to deal with everyday issues. Points of attraction are large business hubs (for business travelers) or an abundance of attractions (for tourists).
Let us remind you that formally apartments belong to commercial non-residential real estate. Therefore, you cannot register in them indefinitely; the property tax is higher. Nevertheless, many citizens are attracted by the comfort, the opportunity to have housing close to work and the investment attractiveness of apartments.
Most often they are purchased to generate rental income. For this, transport accessibility, proximity to business clusters and prestigious areas are important. In addition, apartments are often purchased for children “to grow up”, and they can also be rented out until they move. In the elite segment, this format is most often used for accommodation. Because high-budget options often have a very good location, and the status — apartment or apartment — is not important for such buyers.
“Apartments continue to be popular in the format of compact housing with a minimum entry fee,” emphasized Vladimir Morebis, commercial director of Est-a-Tet. According to Syrtsov, they are often bought by young families, aspiring professionals, and parents as their first home for their student children. This format is also in demand among spouses after divorce and division of property, pensioners and citizens who have another apartment that provides them with permanent residence.
The largest number of apartments on the primary market of Moscow are presented in the North-Eastern Administrative District — 1412 lots in 9 projects, in Central Administrative District — 1035 lots in 38 projects, in Southern Administrative District — 1046 lots in 7 projects, Syrtsov noted. The most affordable apartment complexes in Moscow, in his words, are located in Kryukov (ZelAO), Bibirevo (SVAD), Khovrin (SAO), Mosrentgen (NAO), Timiryazevsky district (SAO).
At the same time, the Central Administrative District takes a significant lead in terms of area: the total area of apartments for sale here is 97.9 thousand square meters. m, and in NEAD — about 56 thousand sq. m. m, added Dobrokhotova. This is due to the fact that the Central Administrative District offers mainly elite and premium options with lots of significant area.
Among the districts in terms of supply volume, Cheryomushki and Otradnoye are by far the leaders (see table).
167.1 thousand rubles. the average price now for 1 square meter of housing in new buildings in 18 of Russia's largest regional markets (16 million-plus cities, Moscow and Leningrad regions), having increased by another 0.6% over the past March.