Industry report puts average Moscow developers’ margin at 58%
MOSCOW, Feb 6 (PRIME) -- An average margin of Moscow developers stands at 58%, as seen by PRIME on Thursday in a report prepared by the Russian union of quantity surveyors.
The average housing construction cost in finished condition amounts to 97,150 rubles per square meter in Moscow, and the average sales price is 153,600 rubles per square meter. Corresponding prices for St. Petersburg, for instance, stood at 89,900 rubles and 119,300 rubles, respectively, and for the Moscow Region at 76,000 rubles and 88,300 rubles, respectively.
The margin of developers in the republic of Tatarstan amounted to 42%, in the Nizhny Novgorod Region to 25%, in the Sverdlovsk Region to 18%, in the Irkutsk Region to 27%, and in the Primorsky Region to 45%.
The margin in the other regions is around several percent, but there are 37 regions, where the margin is negative with the leading Chukotka Region, where construction prices amount to 56,170 rubles per square meter and sales prices stand at no more than 40,000 rubles per square meter.
(63.1742 rubles – U.S. $1)