The elite real estate prices in Moscow were equal to London

“Worldwide, nuts are twisted for people with Russian citizenship. It is now clear to all that the safest place to store capital is their own country, ”said Ekaterina Rumyantseva, founder of Moscow Ecosyantseva, founder of the Moscow real estate agency, in a conversation with the agency.

The influx of capital helps Moscow avoid a decrease that affected other real estate markets, from London to Hong Kong. According to NF Group, Moscow apartments sales value 1.95 million rubles per square meter. M during the past year increased by almost 40%. Prices increased by 21%, which led Russian capital to a price range with Paris and London, the agency writes.

It is difficult to obtain precise data on the personalities of buyers. According to Kalinka, most of them are between 40 and 50 years old. As a general rule, these owners or senior managers of large industrial companies, as well as IT representatives, show businesses and sports. In conditions of economic instability, they consider that real estate are a reliable way of maintaining capital and protecting themselves from fluctuations in ruble and other local assets, says Bloomberg.

At the same time, the rich Russians, according to the agency, do not reject foreign real estate, among the most popular areas: the Indonesian island of Bali and Thailand. In some markets, their activity is reduced: in 2022, Russian passport owners were first among real estate buyers in Dubai, but by 2023 they sank the ninth, followed by Betterhomes data.

In general, according to Intemrk, the demand for foreign real estate among the rich Russians is falling; Last year it sank in 24% compared to the data of 2023.

In December, Dataflat.ru project analysts estimated that for 11 months of 2024, sales in the high consumption segment of residential buildings in Moscow reached a record of 178.6 billion rubles, which is 3% more than in 2023 .