High-End Apartments in Moscow's Central Administrative Okrug: A Market Analysis
Club purchasers preferably flock towards the Hamovnik neighborhoods, making them the top preferred locations.
The demand for upscale real estate in Moscow remains steady, with 54 properties sold in the elite club segment over the past three months, matching the same period last year. Notably, the average square meter price for these high-end new builds hovers around the 2-million-ruble mark.
Currently, there are around 21 high-end projects under construction within the Central Administrative Okrug, offering approximately 1,150 units. These properties are situated in prime locations, specifically within the boundaries of the region, and boast no more than 100 apartments each. Technical and product solutions that legitimize theObjects as "elite" and "deluxe" are crucial for these developments.
Topping the list of popular districts for club housing is Hamovniki, with 27 units sold, followed closely by the Meshchansky District, with 17 deals. Other districts within the Central Administrative Okrug exhibit relatively even sales figures. Interestingly, apartment sizes of 120 to 140 sq.m. are most preferred by buyers, a 20 sq.m. increase compared to the end of last year. About 60% of the available options are still unfinished, while the remaining 40% are offered with finishing or white box formats.
Svetlana Bardina, an observer, provides insights on this market trend. She notes the go-to districts for club housing and the anticipated apartment sizes preferred by buyers. While precise details about existing high-end apartment projects are scarce, it's evident that the Central Administrative Okrug is a sought-after location for luxury living due to its central position and proximity to major attractions.
In terms of favored district choices, Kitay-Gorod, known for its historical significance and central location, is a popular pick. Other exclusive neighborhoods within the Central Administrative Okrug, such as Tverskoy and Arbat, equally attract affluent buyers due to their upscale offerings and cultural attractions.
The preferred size of luxury apartments often varies based on target demographics. Families or larger groups may lean towards spacious apartments with multiple bedrooms, while individuals or couples might gravitate towards smaller yet elegantly designed units. Specific size preferences for high-end apartments in Moscow remain largely undisclosed, but it's safe to say that central locations offering exclusivity and convenience are highly sought after.
Luxury apartments in Moscow often come equipped with modern amenities, such as fully-furnished kitchens, spacious living areas, and high-quality finishes. These exclusive apartments are typically housed in high-security buildings with access-controlled entry systems and may even provide additional services like concierge services or private parking. The robust demand for such apartments is attributed to their proximity to major business and cultural centers, as well as their luxurious features.
As the future unfolds, the demand for high-end apartments in Moscow's Central Administrative Okrug is likely to persist due to the region's prestige and prime location. Factors such as economic conditions and political stability can impact the real estate market; however, current data does not yet indicate the specific consequences of recent political or social trends on the luxury apartment market.
In this context, potential investments in real-estate, specifically high-end apartments in Moscow's Central Administrative Okrug, seem promising due to the steady demand and the region's prestigious location. Commercial ventures focusing on the development of luxurious, modern apartments with upscale amenities, such as fully-furnished kitchens and access-controlled entry systems, could be fertile ground for financial returns. Additionally, the ongoing construction of high-end projects offering around 1,150 units provides further opportunities for investors in the commercial real-estate sector.
