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The prime residential property market of 2013 was very active: in Q4, 3 new projects were added to the stock of 11 that have already entered the market in the beginning of the year.
The supply stock grew by 80 thousand sq m (about 1.1 thousand new fl ats and apartments) over the year.
The share of fl ats in residential complexes at the monolithic framework construction stage has reached 51% of the total amount by December 2013.
During 2013, the average price of prime residential real estate remained relatively stable, amounting to 24,656 $/sq m in December. Thus, over the year, this rate remained almost unchanged (+0.11%).
For the third year in a row, over the reported period, the new-builds market transactions volume exceeds $1 billion in monetary terms, refl ecting strong demand for high-end urban real estate.
Source : Knight Frank
