Select your city:
Moscow

VTB Bank call center

+7 (800) 200-77-99
+7 (495) 739-77-99
For general information and enquiries

Moscow housing prices exceed pre-crisis levels in RUB terms at the end of June

 
26.06.2012

Vedomosti reports that Moscow housing prices have reached an average of RUB 169,980/sqm (USD 5,071/sqm), 7% higher than the pre-crunch level of RUB 158,499/sqm (USD 5,014/sqm). The key reasons are rouble depreciation and a shortage of supply, coupled with increasing demand for high quality housing in Moscow.

According to IRN, blended Moscow housing prices increased 5% during 5mo12. We estimate the price of housing in Moscow will grow 9.5% YoY in 2012, 3% above CPI, so this tendency is in line with our forecast.

Maria Kolbina, Armen Azatyan
VTB Capital analyst

Tags:
ruble, crisis, USD, CPI

Back to the list



VTB group news subscribe
  • E-mail subscribe
  • RSS lent
    Subscribe
    Subscribe
Download the list of cities.....