Enter real estate in Moscow decreased by 25%


According to the newspaper “Vedomosti”, with reference to the data of Moscow’s construction industry, total construction in the first quarter declined compared with the same period last year by 25%, housing 12%, to 761 800 sqm

In the Moscow construction such indicators explain the fact that in the first quarter of 2015 put into operation many objects, actually completed in late 2014. This same point of view the newspaper said the head of the analytical portal irn.ru Oleg Repchenko. According to him, at the end of 2014, many developers realized the crisis, they began to move and change objects at the beginning of next year.

As for the immediate future, analysts see no reason for reduction entry of real estate into operation during the year. The city authorities willing to agree to new platform. In addition, developers can’t afford to suspend the projects. Due to the limited solvency, they will have to build more cheaply, but in large quantities.

Different is the situation with residential real estate. According to managing partner Collers International Nikolay Kazansky, in office segment in 2016 will be put on 215 000 square meters less than last year. “We predict that large-scale projects of shopping centers, which will be held in 2016, will be one of the last of its kind in the next few years” – said Kazansky.

The main input property always comes at the end of the year, said the Deputy mayor of Moscow Marat Khusnullin. According to him, if the economic situation does not deteriorate, outcome indicators 2016 may improve.