Moscow Has Fastest-Growing Prices for Luxury Residential Properties in Europe: She also notes that despite the b...

Moscow Has Fastest-Growing Prices for Luxury Residential Properties in Europe

Moscow Has Fastest-Growing Prices for Luxury Residential Properties in Europe: She also notes that despite the b...

According to a new study by Knight Frank consulting company, prices for luxury residential property in Moscow are the fastest growing of all European cities. The study reveals that in Moscow, average prices for prime real estate have grown 28.6% over the past five years, in contrast to 24.9% in London and 23.6% in Paris . Analysists believe Moscow is leading the pack at this point in part due to the relatively short time that it has been a player on the high-end market. Yelena Yurgeneva, regional director of residential real estate at Knight Frank Russia & CIS, said, “London and Paris [real estate] markets formed a long time ago, but Moscow’s market is new.” She also notes that despite the boom, Moscow’s capital remains a relatively local market with around 90% of people who buy luxury residential property in the capital are locals or ethnic Russians from abroad. Due to th...

Full article: http://www.hauteliving.com/2012/08/moscow-has-fastest-gro...

Tweets

@apostolos_kl » 08 Aug '12, 9am
#Russia: #Moscow Has Fastest-Growing Prices For Luxury Residential Properties in Europe [link] #HousePrices #LuxuryHomes
@RussiaStay » 08 Aug '12, 5am
Moscow Has Fastest-Growing Prices for Luxury Residential Properties in Europe: She also notes that despite the b... [link]
@DIGRealEstate » 07 Aug '12, 4pm
Moscow Has Fastest-Growing Prices for Luxury Residential Properties in Europe | Haute Living Magazine [link]
@efseidman » 07 Aug '12, 3pm
Moscow Has Fastest-Growing Prices for Luxury Residential Properties in Europe - Haute Living: Haute LivingMoscow... [link]
@LincolnRdRealEs » 07 Aug '12, 3pm
RT @luxury_homes_: Moscow Has Fastest-Growing Prices for Luxury Residential Properties in Europe - Haute Living [link]
@RusiaHotels » 08 Aug '12, 10am
Moscow Has Fastest-Growing Prices for Luxury Residential Properties in Europe: She also notes that despite the b... [link]
@RussiaStay » 08 Aug '12, 9am
Moscow Has Fastest-Growing Prices for Luxury Residential Properties in Europe: She also notes that despite the b... [link]
@RusiaHotels » 08 Aug '12, 9am
Moscow Has Fastest-Growing Prices for Luxury Residential Properties in Europe: She also notes that despite the b... [link]
@RussiaStay » 08 Aug '12, 5am
Moscow Has Fastest-Growing Prices for Luxury Residential Properties in Europe: She also notes that despite the b... [link]