The number of transactions in the secondary housing market of Moscow has decreased since the beginning of the year by 21% to 118607 contracts in comparison with the same period of the last year.
In November this year the number of transactions for rights registration on the secondary market of Moscow residential real estate decreased by 5,9%, said the head of the capital administration of Rosreestr Igor Maidanov.
According to him, over the past five years there has been a tendency of 5,6% average decrease. November of this year was no exception, the difference in monthly terms was 676 contracts - this is less than in the record year 2021, when the number of registrations on the secondary market of Moscow fell to 1053 in November, he said.
The number of transactions was down 21.5% compared with November last year. However, by May this year, the figure had increased by 1.5 times. For the first 11 months of the year 2022 capital Rosreestr has concluded 118607 agreements of housing sale and purchase.