Own A House - real estate market news

In April, 2009, the rate of demand in segment of expensive rent has remained at level of March both on number of demands, and by quantity of the signed transactions. Such information has been represented in IntermarkSavills’s report.
In April the average budget of signed contracts of rent of apartments in Moscow has not practically changed and has made $5,44 thousand a month.
Apartments with a monthly rent of $6 thousand are still in demand (about 70 % of cumulative demand).
At the same time, demand for more expensive objects, including apartments with budgets from $15 thousand a month (on the last it is necessary about 3 % of transactions) remains the same.
Since April, 2009, cumulative offer in a segment of expensive rent has not changed in comparison with March.
More than half of current offer is concentrated in metro station “Kropotkinsky”, Arbat, Lenin and Kutuzov prospectuses.
The greatest volume of elite apartments as well as demand for them is concentrated in budgets of $6 thousand a month (about 75 % of offered objects). Average (on all offered apartments) monthly rent in the end of April has made $5,34 thousand.
At the same time, while signing agreements about a quarter of hiring/rent are ready to reduce originally required prices (the size of possible discount, as a rule, does not exceed 10 %).