The demand for apartments in "Moscow City" has grown by 77% in one year.

Apartments with finishing in the Neva Towers, Moscow City, Mercury City, and OKO towers are in the highest demand among buyers.

The number of transactions with apartments in the Moscow International Business Center (Moscow City) increased by 77% over the year - from 180 in August 2016 to 318 in August 2017. In just the past three months, 120 apartments were sold here. Thus, almost half of the total supply volume is now sold in Moscow City. This is stated in a press release received by Welhome consulting company.

Apartments with finishing in the Neva Towers, Moscow City, Mercury City, and OKO towers are in the highest demand among buyers, Welhome notes. More than half of all transactions were for properties with an area of up to 100 sq.m and not more than 30 million rubles. At the same time, the average transaction budget over the past year was 46 million rubles, and the average area of the sold lots was 97 sq.m.
The average price per square meter of apartments in Moscow City increased by 2.3% over the year to 528,000 rubles, the minimum price per square meter remained almost unchanged at 305,000 rubles. The average offering budget in Moscow City today is 63.5 million rubles, according to the press release.

Currently, apartments are sold in seven towers in Moscow City: Neva Towers (Tower 1), Moscow City Tower, Mercury City Tower, OKO, Imperia, Federation Tower (Vostok), IQ-Quarter. A total of 680 properties with a total area of 82,300 sq.m are available for sale.

Welhome's data on the high demand for real estate in Moscow City is also confirmed by other realtors. In July, analysts at Kalinka Group announced that half of all apartment spaces - 260,000 sq.m out of 448,000 sq.m - in the business center have been sold. The majority of the supply is concentrated in three towers - OKO, Neva Towers, and Mercury City Tower.

Author: Olga Mamaeva.

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