Savills, the real estate consulting company, has conducted a study, examining a hundred of the most expensive apartments in the Russian capital city, and has found out that their prices are falling.
So, the average price for a square meter in such apartments has dropped by 7% in the second quarter, down to $32,300.
At the beginning of July, one square meter in the most expensive apartment in Moscow was estimated at $51,000, and that in the least expensive apartments of the segment in question cost $22,000, which is five thousand less than the March figure.
At the same time, experts estimate the average budget for buying an apartment in a segment of the most expensive apartments at $7.4 million.
