The Average Cost of Parking Spaces in New Moscow Buildings Exceeded 3 Million Rubles

Real Estate Market in Moscow

The average cost of a parking space in a new building in Moscow exceeded 3 million rubles, according to a study by the real estate agency Est-a-Tet. This is 22% higher than a year ago, when the average price was 2.5 million rubles.

The most expensive parking spaces are located in the Central Administrative District (CAD), where the average price is 6.5 million rubles. The cheapest parking spaces are in the Troitsky and Novomoskovsky administrative districts, where the average price is 1.5 million rubles.

Reasons for the Price Increase

The main reason for the increase in the cost of parking spaces is the growing demand for them. The number of cars in Moscow is constantly growing, and the supply of parking spaces is not keeping pace.

In addition, the cost of construction is also rising, which is also driving up the price of parking spaces. The cost of building a parking space is about 1 million rubles.

Forecast for the Future

Experts believe that the cost of parking spaces in Moscow will continue to grow in the future. The demand for parking spaces is expected to continue to grow, and the supply of parking spaces is not likely to keep pace.

As a result, the cost of parking spaces in Moscow could reach 4 million rubles by the end of the year.