Moscow October Residential Property Prices: Summary

Following is a summary of the October residential prices, expectancy and property return indexes for Moscow from the Indicators of Property Market, based in Moscow:

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                                  Oct.   Sept.    Aug.    July    June     May
                                  2011    2011    2011    2011    2011    2011
==============================================================================
                                 -----Moscow residential secondary market-----
US dollars per square meter      5,028   5,136   5,107   5,051   4,986   4,899
Monthly percentage changes       -2.1%    0.6%    1.1%    1.3%    1.8%    2.8%
Yearly percentage changes        11.4%   15.4%   15.7%   14.5%   12.4%   11.2%
Property price expectancy        -0.63    0.28    1.02    1.10    1.28    1.80
Property return index             2.16    3.48    4.28    4.80    4.45    3.52
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NOTE: The property return index is compiled by adding the annual rate
      of return from leasing a property to the property’s rate of
      appreciation for the past six months and to the property’s expected
      appreciation rate for the next six months. The resulting figure is
      divided by an average rate of return from a bank deposit.
      A figure less then one indicates that bank deposits have a higher
      average return than residential real estate in the capital.
      Property price percentage changes are calculated by Bloomberg.

SOURCE: Indikatori Rynka Nedvizhimosti (Indicators of Property Market)

To contact the reporter on this story: Zoya Shilova in Moscow at zoya@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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