What a luxury real estate buyer wants? - Moscow

The capital of Russia is becoming one of the fastest-growing luxury real estate markets in the world. However, only 3 percent of real estate claimed to be of de luxe class can really be considered luxury. The reason for this is that Russians still continue to use the price factor as the basis in determining what luxury real estate really is. Expensive apartments in the Red Square often achieve the wrong classification.

Here is what a luxury real estate buyer mostly expects to get when purchasing the property in Moscow. Most of the de luxe real estate purchasers want separated areas like American condos and British separated districts.

High percentage of automobile crimes comparing to other countries described brought the great need in secure parking lots with video control over the entrance and exit.

Russians, as well as most CIS property owners have suffered greatly from the inconvenience of low ceilings - standard 8.5 feet high ceilings that were quite conventional for buildings erected since 1960s within the framework of Hrushchov's real estate provision program. That's why ceilings of 10 feet high and more are preferred by those who's ready to pay for it. Properties with large windows overlooking a picturesque park or city downtown panorama are also in great demand.

Moscow's authorities right now involve series of new luxury real estate projects building high-rises with condos and penthouses. The so called 'club houses' achieved popularity due to favorable locations, nicely decorated interiors both within living and common areas, convenient and secure parking facilities, the variety of services and activity outlets along with in-house infrastructure. Nevertheless, according to real estate professionals working in Moscow real estate market, properties built during Stalin's era, from 1929 to 1953, are still popular with luxury real estate buyers due to their architecture and spacious rooms. Of course most of those buildings have been restored to comply with modern comfort requirements.

However, demand for luxury real estate still remains unsatisfied in Moscow. The city still lacks the quantity and the quality of the services offered to get to the level of most well-known cities liked by luxury real estate buyers.
Russia's capital cities are not the only places where the amount of luxury real estate grows. People who buy second houses in recreation areas, as well as those who are investing money in real estate have similar requirements regarding luxury real estate.

Read more about luxury real estate buyers' preferences in the following articles:
What a luxury real estate buyer wants? - London (http://www.realestategates.com/Articles/05102004/Luxury_real_estate_London239194.html)

What a luxury real estate buyer wants? - Paris (http://www.realestategates.com/Articles/06102004/Luxury_real_estate_Paris208752520.html)

What a luxury real estate buyer wants? - Madrid (http://www.realestategates.com/Articles/07102004/Luxury_real_estate_Madrid.html)

What a luxury real estate buyer wants? - Prague (http://www.realestategates.com/Articles/11102004/luxury_real_estate8971634.html)

What a luxury real estate buyer wants? - Saint-Tropez (http://www.realestategates.com/Articles/13102004/luxury-real-estate-st.tropez283764.html)

Author: Cameron Lindblom