The apartments on Ostozhenka will cost $40,000 per square meter.

Kalinka Real Estate Consulting Group - leading consulting and real estate company in the luxury property market - predicts a doubling of prices in the "Golden Mile" area.

On July 9, Kalinka Real Estate Consulting Group held a press breakfast "Ostozhenka: end of the game," dedicated to the "Golden Mile" market. Experts from "Gals Development" and KR Properties also participated in the event.

"We named our press breakfast 'Ostozhenka: end of the game' because Ostozhenka is not elastic, and now we are witnessing the completion of quarterly development of the area," said Ekaterina Rumyantseva, Chairman of the Board of Directors of Kalinka Real Estate Consulting Group. "On Prechistenskaya Embankment, in front of the 'Ostozhenka Park Palace' complex, Bank of Moscow is constructing a hotel with apartments. The complex will have an area of ​​about 18,500 square meters, and this is the last large-scale project being implemented in Ostozhenka."

Currently, Ostozhenka is the first upscale district in Moscow to be created "from scratch," with all the conditions for comfortable living for people of the highest social status. The area offers a calm and measured life: almost all construction work is completed, there are no construction workers, cranes, or construction equipment.

According to Kalinka Real Estate Consulting Group, there are no more than 5-7 small plots left in the Golden Mile area, where only low-rise club houses can be developed, which will no longer affect the overall appearance, status, and perception of the area. In the next 3-5 years, the remaining projects in the Ostozhenka area will be completed, and almost all sales will be made exclusively on the secondary market.

If one can still find individual offerings at a price of $22,000 per square meter, in the near future, average prices in Ostozhenka will increase to $35,000-40,000 per square meter," comments Ekaterina Rumyantseva.