Capital Group expert opinion. In 2017 the profits of Moscow developers grew
Professional real estate market participants commented on the increase in the developers' revenue when registering equity participation agreements with individuals for apartments and suites in Moscow. According to Commercial Director of Capital Group Petr Isaev, "the growth in concluded contracts (equity agreements) and, as a result, the revenue in Moscow in 2017 was affected by the increase in mortgage deals, as well as realization of the deferred demand, which was partially formed in 2016." According to the expert, the positive impact on the increasing developers' income was also facilitated by a wide range of offers and purchase conditions of acquisition, growing average transaction cost (buying property on the late stage of completion). "In 2018, the previous year's trends regarding the buying activity will mostly continue," the speaker said. "And the market will continue to develop towards the buyer, who now has access to the lowest mortgage rates in the last 5-6 years and a choice of quality housing of different real estate classes."