Secondary housing in Moscow: the annual rate is the fastest since September 2022.
At the end of October, housing prices in Moscow (secondary market) amounted to 307,498 thousand per square meter, which is 0.8% mm and 9.2% compared to 0.6% mm and 8.9% in September.
Price dynamics in dollars: 3.0% mm and 6.0% yy, this is $3,677 per square meter (previously -2.6% mm and 5.4% yy).
IRN experts point out that "... October in the Moscow market of finished housing can be called normal, despite the peak of the autumn business season. While the new building market experienced a serious upheaval at the beginning of October - significant new restrictions on family mortgages came into effect - the secondary market remains balanced, in many ways the trends of the previous months continue to rise, and prices continue to develop.
If with the beginning of autumn, in September, expensive districts and regions began to catch up with the cheap districts in terms of price growth, then in October the cheapest locations returned to the leaders in price increases. Thus, the top three leaders in October were the eastern and southern districts, as well as the stretch of Old Moscow districts beyond the Moscow Ring Road, followed by the less prestigious west and the expensive central... ".
MMI.