Unlike this time last year when REC returned from the New Year break with an overview of the Moscow real estate market, prices are not continuing to grow across the board. Trends that were cited as part of the reason for the price boom and then steady growth of the last two years — a developing mortgage system and a weakening dollar — have been reversed. However, some of the same difficulties in establishing a proper sense of where the market is headed remain.
The construction of cottage settlements on Simferopolskoye Shosse is a reasonably recent phenomenon. Development on the southbound road was almost the last to begin, while prices for housing along the more prestigious routes out of the capital had already risen to astronomical levels. Now the road’s calling card is economy-class projects on the Oka River.