Wednesday, June 1, 2011

Moscow - an outsider in the number of secondary market transactions

It turns out the capital is far behind other regions in the number of transactions made on the secondary real estate market. This conclusion came portal HouseHunter.Ru, analyzed the buying activity of 15 Russian cities and regions. The first group got Chelyabinsk, Leningrad, Samara, Novosibirsk, Moscow, Omsk region, Tatarstan, and Perm Region. There is concentrated the highest purchasing habits: a year in a thousand people commit more than 14 sales transactions. Especially against this background that stands out Perm and Chelyabinsk region. The researchers explain these figures higher income population than in other regions of the country, a direct dependence on mortgage lending, as well as a fairly acceptable level of prices. The second group included regions such as Krasnodar, Volgograd, Rostov, Sverdlovsk, Nizhny Novgorod region and the city of St. Petersburg. Here, the coefficient of buying activity in the secondary housing market is about 12-14 deals a thousand people a year. Far behind on this background, in Moscow, where for every 1 thousand people have no more than 6-8 deals with housing in a year. Thus, the exposure time of the capital property reaches 120-160 days, although in many regions housing finds buyers for only 80-120 days. As a result, the golden-domed lowest in the country, the share of mortgage transactions in total transactions in the secondary real estate market, analysts said. However, low purchasing activity in the secondary housing - the prerogative of many world capitals. For example, in upstate New York for this segment accounts for about 4 trades per 1 000 people a year. In the same New York City, demand factor, and sometimes does not reach to unity, and the period of exposure of apartments can be up to 200 days. At the same time in New York in contrast to Moscow highly developed rental housing. On average, it accounts for about 65% of the total housing stock, the rental rate is about $ 1.3 thousand per month.

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