Sales of finished apartments collapsed in Moscow

Rosreestr: October 2021 was 1.2 times lower than last year's in secondary housing sales

14.85 thousand transfer of rights on the basis of contracts for the sale (exchange) of housing. The indicator reflecting the dynamics of the sale of secondary apartments, compared with the September level, increased by 1.2 percent, according to the report of the Moscow administration of Rosreestr, received by the editorial office of Lenta.ru.

But in annual terms, the sale of “secondary housing “In the capital fell by 19 percent, the registrars calculated. “In monthly terms, October of the current year is 1.2 times lower than the previous one,” the Federal Registration Service notes. – But then, starting in September, each reporting period we recorded records: Muscovites realized the deferred demand after self-isolation and rushed to arrange apartments before the price went up. After the launch of the preferential mortgage program, prices for second-hand housing began to change rapidly, following new buildings. ”

Since the beginning of this year, almost 137 thousand transactions with ready-made housing have been registered in Moscow – 22 percent more than in the same period of 2020. “The interest in buying apartments on the secondary market is not weakening, even despite the change in the banks' credit policy,” experts say.

Earlier it became known that the demand for housing is gradually shifting outside Moscow – due to a sharp increase prices for capital real estate potential buyers of apartments are looking for alternative options in the suburbs. Meanwhile, the supply of new buildings in the region has more than halved over the past five years.

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