The volume of investments in real estate in Moscow has grown by 52% over the year and reached 848 billion rubles, according to a study by IBC Real Estate. "The result is close to that of last year in total for all of Russia", the company states.
Half of these investments (52%) come from transactions concluded in the fourth quarter of 2024. The end of the year is traditionally the period in which the most purchase and sale transactions are concluded, and last year was no exception - in October - December 2024. the amount of investments amounted to 443 billion rubles.
"The main factor that influenced the investment market in 2024 was the tight monetary policy - during the year the Bank of Russia increased the key rate three times. In this regard, over 40% of the transactions were acquisitions for the companies' own needs. Over the past two or three years, there have been more and more such transactions. Their goal is to protect capital and invest in their own infrastructure. Buyers are paying close attention to classic investment transactions“, the report quoted Mikael Kazaryan, member of the board of directors, head of the capital markets and investments department at IBC Real Estate.
At the same time, interest in purchasing high-quality real estate still remains, but problems with finding alternative financing and structuring capital come to the fore, which increases the cycle of current transactions over time, Kazaryan added.
High activity in 2024 is observed on the capital's market in almost all real estate segments, while in the office and warehouse sectors the volume of investments more than doubles the figure from the previous year, the report says. The leader is office properties - 43% of investments, in second place are residential properties - 30%, warehouse properties close the top three with a share of 18%. The retail, hotel and mixed-use real estate segments account for 9%.
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