RESIDENTIAL REAL ESTATE MARKET OVERVIEW Q1 2011 (артикул: 09042 30334)
|Дата выхода отчета:
||1 Августа 2011
||Москва и Московская
||Русский и Английский
Полное описание отчета
The overview sums up the results of the real estate market development in Q1 2011, including residential real estate market of Russia on the whole, Moscow and Moscow Region, as well as detailed analysis of the elite residential real estate market, enclosing the segments of rent and sale of the city and countryside residential space.
According to the preliminary data of Moscow State Statistics Service, approx 200 thous. sq.m. were delivered in Moscow for the whole Q1 2011, which is 60% lower than the indices of 2010 and constitutes less than 10% of the total volume of planned for delivery in 2011 residential space. According to the plans of authorities, 2.7 mln. sq.m. of residential space will be delivered in 2011 in the capital.
The primary market in Q1 2011 is characterized with rather active delivery of new projects. This trend was characteristic of the whole last year. However, if in 2010 the market increased mainly with economy-class properties, then in Q1 of the current year, new supply was represented by the properties, belonging to different segments of the market. As of March 2011, the supply volume in the primary market of Moscow amounted to a little bit more than 200 properties or approx 1.2 mln. sq.m.
In the first months of 2011 the primary market of Moscow on the whole displayed stability – the average level of prices by the results of March 2011 remained at the level of December 2010 in ruble equivalent and constituted 168, 800 rubles per sq.m. The analogous index in dollar equivalent amounted to $5, 950 per sq.m., 7.6% increase versus December 2010 was conditioned by the weakening of dollar against ruble. The average price in the secondary residential market was at the level of $6, 430 per sq.m. by the results of May, the increase of the average price for a quarter amounted to 0.6% in rubles and 8% in dollars.
Approximately 1, 050 flats in 35 residential complexes and about 200 apartments in 6 complexes constituted the supply in the elite primary market in march 2011. In Q1 2011, the market enlarged with 6 new residential properties. The demand in the elite residential market of Moscow displayed traditional for the beginning of the year growth. The average price in the elite residential market stayed at the level of December 2010. There is no considerable raise of prices yet, among other things caused by the prohibition of new construction in the center of Moscow.
The beginning of 2011 in the elite rental market was marked by the growth of supply and demand volume. The rental rates continued their growth. Minor drop of rates was noticed in January, however, already by the end of the period the rates recovered practically to the level of the end of 2009. As a result by the end of Q1 2011 the average level of rental rate reached the index of $7, 820 per apartment per month. The decrease for a quarter (caused by January drop of activity) constituted 1%, the annual increase – 9%.
Q1 2011 did not bring any tangible recovery to the countryside residential real estate market of Moscow Region. However, a number of development companies announced their future plans on the implementation of new countryside projects in different price segments. It should be noted that the delivery of projects offered for sale land plots without compulsory building contracts continued. However, according to Blackwood experts’ estimates, the share of such projects in the total volume of new supply in 2011 will be gradually decreasing, more high-quality and liquid projects will enter the market.
As far as the wholesale land market of Moscow Region is concerned, during Q1 2011 the general level of the supply price indices stayed stable, minor shifts of the mean value depending on the direction and distance from MKAD were recorded, but they were caused primarily by the changes in the supply structure.
Подробное оглавление/содержание отчёта
1. Summary……………………..………………………….…… 3
2. Residential real estate. Russia. Moscow Region. Residential construction…...…….……………………….……. 4
3. Residential real estate. Moscow………………...……….... 5
4. Elite residential real estate. Moscow. Sale …………….….8
4. Elite residential real estate. Moscow. Rent………..…...…11
5. Countryside real estate …...….………………………….... 14
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Актуальные исследования и бизнес-планы
RESIDENTIAL REAL ESTATE MARKET OVERVIEW H1 2010
Approximately 16.5 million sq. m. of residential space was introduced in Russia in January-May 2010, which constitutes 99% of the total volume of residential space construction, re-
corded in the corresponding period in 2009. In Moscow, accord-
ing to the Federal State Statistics Service, 492.9 thous. sq. m. of residential space was introduced in January-May 2010. De-
crease amounted to almost 38% compared with the same period in 2009. At the same time in the first half of 2010 developers became more active and the "unfreezing" of the majority of the suspended construction projects was noticed. According to the results of the first half of 2010 the supply volume in the residential market of Moscow declined and amounted to 200 houses (1.07 mln. sq. m.). Supply volume re-
duction is connected with a temporary suspense of sales in sev-
eral complexes and also sales completion in new buildings, where single offers remained. In the first half of 2010 a consider-
able raise of buyers’ activity both in the primary and in the sec-
ondary market was recorded. Besides, a positive price dynamics was noticed. In June 2010 the average price in the secondary residential market in Moscow amounted to 175,6 rubles per sq. m. ($5,650 per sq. m.). The average price in the primary market reached 161…
RESIDENTIAL REAL ESTATE MARKET OVERVIEW 2010
According to the Federal State Statistics Service, 43,6 mln.
sq. m. of residential real estate were delivered to the Russian
market during January-November 2010, which amounted to 96%
of the residential construction volume, recorded in the corresponding
period of 2009 and to 82% of the level planned for
1,37 mln. sq. m. of residential space were delivered in Moscow
for the period under consideration. Decline in construction
volume in Moscow versus corresponding period of 2009 was
estimated at 24% and turned out to be much more considerable
than in Russia on average. The plan for residential space commissioning
in Moscow in 2010 was fulfilled by 45% by the results
of 11 months.
Supply volume in the Moscow primary market reached approximately
200 properties as of the end of 2010. The share of
economy class is gradually increasing in the supply structure in
the primary market, despite minor change of aggregate supply
volume in the market (the delivery of new projects was compensated
by the completion or suspension of sales of the old ones).
This index stood at the level of about 20% as of December
2010. Besides, the projects of this segment are getting more
large-scale and frequently provide for such an additional option
as fit-out, which is as a rule included in the cost of a…
Жилищное и ипотечное кредитование для физических лиц
Уральский федеральный округ <…> В Уральском ФО наибольшая задолженность по жилищным и ипотечным кредитам приходится на *** область (* млрд. руб. и * млрд. руб. соответственно), а минимальный объем кредитования – на Курганскую область (* млрд. руб. и * млрд. руб.). Диаграмма 9. Объем задолженности по жилищным и ипотечным кредитам в субъектах Уральского ФО, 2010 ***
Объем задолженности по жилищным кредитам,
Объем задолженности по ипотечным кредитам,
млн. руб. Источник: Банк России, расчеты AnalyticResearchGroup Максимальный объем просроченной задолженности и доля просроченной задолженности в общем объеме задолженности по ипотечным кредитам и в Уральском ФО приходится на *** область – 1,36 млрд. руб., *%.
COMMERCIAL REAL ESTATE MARKET OVERVIEW 2010
COMMERCIAL REAL ESTATE MARKET OVERVIEW
Serious slowdown of the new supply delivery paces became
the main trend of 2010 – aggregate volume of high-quality “A”
and “B” class office premises, commissioned during the past
year, turned out to be 60% less than the level of 2009 and
amounted to approx 700 thous. sq. m. Thus, the total volume of
supply in the office real estate market reached 10,71 mln. sq. m.
by the end of 2010.
The main trends in the demand for office real estate, characteristic
of the market in 2010 turned out to be the following:
Demand for rent and purchase of premises remained rather
high during the whole 2010;
The average rentable area and the term of rental contracts
conclusion were gradually growing;
Demand for the non-investment purchase of offices remained
rather high (the main buyers were banks, state corporations,
companies of the base material sector);
Investment demand remained low; the main properties for
investments were ready buildings with a good pool of tenants.
At the end of 2010, the share of “A” class vacant premises
amounted to 17-18%, “B” class premises – to 15-17%. Besides,
the conclusion of several large deals by the rent of office premises
in the second half of 2010 made it possible to state the
growth of the average rentable area.