The gross annual growth in prices of elite Moscow suburban houses will average 10-12% in 2012, provided ‘the world economy will not once again be decapitated by another bout of financial meltdown,’ real estate agency Moscow Sotheby's International Realty (MSIR) said.
The greatest demand is for properties located within 20-30klm from the Moscow ring road. For example, in 2011, buyers were mostly interested in 300-400sqm houses with 20-30 acres of land worth $1mln-$2mln.
Nadezhda Kot, the head of sales at MSIR, noted a slow, but steady expansion of the geography of elite Moscow suburban properties. If 5-7 years ago, this term referred only to the objects on the Rublyovo-Uspensky highway, but today houses in this area now account for only 50% of these assets.
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