Where in the capital are the most budget apartments sold?
Experts have recorded a strong “slowdown” in prices in the primary market of the mass segment. At the end of the first quarter, the cost of a square in the capital remained almost unchanged. The most popular are apartments and apartments ranging from 30 to 50 square meters. m.
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“The low demand in January-February is explained, first of all, by the seasonality factor. January is always the month with the lowest sales of the year due to the New Year holidays,” — explained the managing director of the company «Metrium» Ruslan Syrtsov.
In his opinion, another factor that led to low sales volumes in the first months of 2024 was that, in anticipation of an increase in the key rate of the Central Bank and worsening mortgage conditions, many buyers rushed to complete a transaction before mortgage conditions tightened. At the same time, the reason for the recovery in demand in March could be the disclosure of short-term bank deposits, opened at the end of last summer after the first increase in the key rate to 8.5%. One cannot fail to mention the cooling of prices. Against the background of reduced demand and tightening mortgage conditions, developers began to use new promotions and programs to attract customers.
In January-February, the volume of supply in the primary market of the mass segment of Moscow increased by 3%. The weighted average price per square meter of apartments and apartments was 326,103 rubles. per sq. m. (+2.4% for the month, no changes for the quarter, +16% for the year). 6.1 thousand transactions were concluded on the DDU (-50% for the quarter, -35% for the year).
At the end of the first quarter of 2024, 97 projects, where 20.3 thousand lots were offered, of which 18.1 thousand were apartments and 2.2 thousand — for apartments. The supply volume increased by 3% during the quarter, but decreased by 9.6% year-on-year.
The majority of new buildings were still sold in the South-Eastern Administrative District (4.6 thousand lots, +21% for the quarter). At the same time, in the first quarter, no new projects were launched in the mass segment, but new buildings entered the primary market.
The maximum share of proposals for budget new buildings is at the stage of floor installation (51.2 %, -1.3 p.p.). During the quarter, the share of offers at the initial stage of construction decreased (22.3%, -3.5 p.p.), at the same time, the share of offers in completed buildings increased (13.5%, +2.4 p.p.) and in buildings at the finishing stage (13%, +2.5 p.p.).
There have been no significant changes in the ratio of the volume of supply of apartments and apartments by room size. Compared to the first quarter of 2023, studios showed the largest increase in price per square meter. m (+20.7% for the year, +0.1% for the quarter).
In March 2024, the share of the supply of apartments and apartments in the white box format increased (+0.4 p.p. for quarter) and without finishing (+1.4 p.p. per quarter). The share of supply of apartments and furnished apartments decreased by 1.8 percentage points.
Apartments and apartments ranging from 30 to 50 square meters. m make up 44% of the supply. The main share of lots are exhibited in the price range from 10 million rubles. up to 15 million rubles.
According to Syrtsov’s calculations, the weighted average price per square meter of apartments and apartments in the first quarter of 2024 amounted to 326,103 rubles. per sq. m (+2.4% for the month, no changes for the quarter, +16% for the year). That is, in the first quarter of 2024, the price of apartments did not change, despite the increase in the share of supply of finished lots and lots in buildings at the finishing stage, which should have had a positive impact on price dynamics.
The rating of the most affordable apartments in March 2024 was topped by a residential complex in Zelenograd: two kilometers from the future Kryukovo MCD station, premises with an area of 22.5 square meters. m sold for 4.7 million rubles. For the same amount you can buy an apartment with an area of 20.6 square meters. m in Bibirevo. In the first «three» apartments were also included at the lowest price area 20.35 sq. m in a residential complex located in the north-west, a 10-minute walk to the station. m. «Pyatnitskoye Shosse» (5.4 million rubles).
An apartment with an area of 19.8 sq. m. was included in the top 3 most budget apartments in March. m not far from the MCD station «Zelenograd-Kryukovo» (5.4 million rubles) and two apartments in the south-west of Moscow: with an area of 19.8 sq. m, 17 minutes walk from the Shcherbinka MCD (5.6 million rubles) and an area of 20.9 sq. m not far from the station. metro station «Bratislavskaya» (RUB 5.7 million).
In January-March, 6.1 thousand transactions were concluded in the mass segment real estate market in the capital (-50% for the quarter, -35% for the year). Moreover, in March, relative to the previous month, the demand level indicator increased by 62% and amounted to 2.7 thousand DDU. At the same time, the share of mortgage transactions in the first quarter decreased by 12 percentage points. and amounted to 73%.
The majority of transactions were concluded in the South-Eastern Administrative District (20%, -1 p.p. per quarter). In second place in terms of transaction volume is SAO (18%, -2 p.p. per quarter). In third place is VAO (15%, +7 p.p. for the quarter), where the share of transactions on DDU increased by 7 p.p. during the quarter.