The supply in exposure on the off-plan housing market of “old” Moscow had sunk by 3% at the end of the fourth quarter versus the previous quarter to 2.69 million sq m of residential units and apartments. Yet the supply grew by 1.9% year-on-year.

The weighted average price per sq m within the “old” Moscow boundaries had risen by 3.6% over the quarter to RUB 534,700 (undiscounted) with the annual accrual amounting to 16%. The surge of per sq m prices was due above all by quite a few premium-class lots rolled out to the market: their number had increased by 12% over the year.

The number of transactions with residential real estate had grown by a fourth over the quarter, which was mainly caused by seasonal spurring of the demand amid the implementation of installment plans and Christmas promo actions from developers. A number of building contractors mention a radical increase in the share of deals leveraged by installment plans over the year.