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Real Estate Articles, Real Estate Writing, Real Estate Blogging, Property Blogging, Property Articles, Business Articles, Investment Articles

Real Estate Articles, Real Estate Writing, Real Estate Blogging, Property Blogging, Property Articles, Business Articles, Investment Articles

business articles Investment Articles Property Articles property blogging Real Estate Articles real estate blogging Real Estate Writing
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Moscow’s Real Estate Boom: Unstoppable?
by Global Property Guide Staff

If you thought Moscow property prices couldn’t go any higher – well, they just did! Apartments in the centre of the city are being sold and rented at prices which would appear to defy all reason – except that Moscow is a city, now, of extraordinary wealth.

The average price of an apartment rose to US$16,363 per sq. m. in prime Moscow districts in Q3 2006, according to Knight Frank, Moscow. Re-sale apartment prices rose 62.8% in the three quarters to Q3 2006. Newly built apartment prices rose by 79% in the three quarters to Q3 2006. A small three-room apartment (60 sq. m.) in central Moscow is now worth US$1 million. First-class apartments can command twice that or more – US$30,000 per sq. m. and up is not unknown.

Property is not all that’s booming.


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