RIA NOVOSTI: Share of Investment Transactions in Moscow Elite Newly Erected Houses Increased up to 25%
29 January 2013
RIA NOVOSTI: Share of Investment Transactions in Moscow Elite Newly Erected Houses Increased up to 25%
The share of investment transactions at the Moscow elite real estate market has grown up from 15% in 2011 to about 25% in 2012 from the total number of purchases, Yekaterina Rumyantseva, Chair of the Board of Directors of Kalinka Real Estate Consulting Group, told journalists on Tuesday.
“Last year investors were not quite sure about positive market dynamics. Today profitability is growing, and the share of investment transactions may be higher next year. Now we are competing for investors who are willing to invest in purchasing economy class real estate,” she told.
She added that profitability of purchasing elite real estate, in case an investor buys real estate at the zero stage with a view to resell, is from 20% to 50%. Thus, according to her, the profitability of the project “Sadovye Kvartaly” amounted to 50%.
As Timur Sukharev, Chief Commercial Officer of Restavracia N, added, investors do invest either at the stage of construction or already after the project completion, expecting the project to become more expensive against inflation. For such investors purchasing more likely means saving their financial investments, he said.
In his turn, Andrey Patrushev, Marketing and PR Director in КR Properties, told that, for example, judging by their projects, the share of those who buy apartments and lofts at the initial stage with the view of further resale is about 15% and about 10-12% of purchases are made with the purpose of future renting out.
Source: Riarealty.ru