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MIL OSI Translation. Region: Russian Federation –

February 11, 2022, 09:01


Photo by M. Denisov.

Last year, in the same period, three times less were sold and rented out – 332 objects.

In the first month of 2022, the city sold and leased over a thousand objects at auction: apartments, parking spaces, premises, detached buildings and land plots. Their number has more than tripled compared to the same period last year. This was announced by the Deputy Mayor of Moscow in the Moscow Government for Economic Policy and Property and Land Relations Vladimir Efimov.

“Purchasing and renting real estate near the city is popular among citizens, including business representatives. In the first month of this year, 1023 objects were sold. Last year, for the same period, three times less were sold and rented out – 332 units. Most of the lots this year were car spaces – more than 700 of them were sold at auctions, ”said Vladimir Yefimov.

Such an increase in the sale of objects is explained by the recovery of the economy, the restoration of the solvency of buyers and the ease of buying and renting Moscow objects.

In total, in 2021, more than 11.6 thousand objects of city property were sold and leased at auction. This is 60 percent higher than in 2020.

“Every year we record an increase in the number of participants in auctions for the purchase and lease of real estate. Apartments offered by the city are in constant demand. Based on the results of 2021, 12 people per lot participated in such auctions on average. In January 2022, the level of competition has already reached 14 people. Based on January indicators, we predict positive dynamics and further growth in demand for city lots,” the head of

Department of the City of Moscow for Competition Policy Ivan Shcherbakov.

The city sells facilities in all districts. You can buy and rent them on the capital investment portal in the section “Property from the City”. There you can also read the documentation, learn about the start and end dates for accepting applications and holding an auction.

More information about the economic policy and property and land relations of Moscow can be found atsite.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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