INSUBCONTINENT EXCLUSIVE:
number of property sales in so-called elite new builds in the Russian capital fell 44% year-on-year, from 1,620 sales in 2021 to just 900 in
2022, the lowest number recorded for five years.A drop off in demand in light of the "geopolitical situation" and the economic crisis was
acquisition, and in some cases canceling transactions altogether and taking the opportunity to relocate their families and businesses
Intermark Real Estate agency (formerly Savills) said last month that demand for luxury housing in Moscow has decreased 46% in the 10 months
since the war in Ukraine began.At the same time, the prices for luxury real estate have continued to grow, with the average price per square
meter for elite real estate increasing by 14% to 1,530,000 rubles ($24,300) in 2022, according to NF Group.The main reason for rising Moscow
