Where to Buy a Home in Moscow in 2021
The growth in suburban house prices in 2021 can be as high as 15%. This prognosis was voiced by the participants of Moscow’s real estate market. Housing near Moscow has already gone up in value by 7%, and before the end of the year, this number is quite likely to rise by another 2–3%. The pandemic has changed the trends on the suburban real estate market – the current demand for detached houses is noticeably higher than before the global outbreak of Covid-19, and this naturally influences the cost of residential homes, say the experts. They also note that traditionally, the fall-winter period has always been considered a time of low demand for houses for sale in Russia; however, the opposite is now the case.
Here are the Moscow real estate categories to consider when buying a house in Russia:
- By direction and location (Rublyovka, Novaya Riga, Barvikha);
- By classification (luxury, business class, economy);
- By development format (townhouses, detached private homes).
When purchasing homes in Moscow, Russia, a good rule of thumb is to select houses within an 18.6-mile (30 km) radius from the center of Moscow. This ensures you will get a well-developed infrastructure, and that the chosen location will be replete with hospitals and schools.
We recommend considering the West, South and North directions just out of Moscow. You may notice that country houses are noticeably cheaper on the capital’s Eastern side. However, this is due to poor environmental conditions – the result of the presence of a number of industrial facilities in the entire East area.
Best Cottage Communities in Moscow
Muscovites with high incomes live in closed elite cottage communities that have their own full infrastructure. Such cottage communities are usually designed by Europe’s best architects, especially contracted for the job. These locations have everything: private English schools, restaurants, shops, pools and gyms, beauty salons and equestrian sports clubs.
The most expensive houses up for sale are located in the Barvikha Hills area (Rublevka direction). This elite location near Moscow even has its own famous brand boutiques: Dolce & Gabbana, Valentino, Rolex, Patek Philippe, Bentley, Ferrari and Harley-Davidson. The least expensive house here costs 1.5 million US dollars and has a floor area of 656 sqft (200 m²). This gated community is just 10-20 minutes by car away from Moscow itself.
We encourage you to consider some of the following elite locations as you decide where to purchase your ideal property: Etude Family Club, La-Mansh, Western Residence, Yusupovo Life Park, Odintsovo, Novaya Riga and Pirogovo. There you will find everything one requires for a comfortable life, at the price of 300 to 500 thousand US dollars for a residential home.
As you choose your future home, make sure to take into account the category of the land on which it is built. Each category has its own taxation rate. Our lawyer can explain all the details on property taxes in Russia to you at your request. Contact us to get your consultation!