Proximity to parks in Moscow increases the cost of housing by up to 40%

Muscovites have to pay extra for proximity to parks. How much does the presence of a park in the vicinity add to the cost of an apartment in Moscow, the real estate company Etazhi found out; the results of the study are published by RIA Novosti.

According to the company’s statistics, new buildings, within walking distance of which Gorky Park and Neskuchny Garden are located, are valued at 35-40 percent more expensive than similar options in more remote locations. Lots near Filevsky Park are also 30-40 percent more expensive, “Serebryany Bor” adds 20-35 percent to the price, “Krylatsky Hills” - 20-30 percent. For proximity to Sokolniki, buyers are willing to overpay 18-25 percent; the “park premium” for proximity to Losiny Ostrov reaches 15-20 percent. In the vicinity of VDNKh, Ostankino, Bitsevsky Forest, Izmailovsky Park and Pokrovskoye-Streshnevo, the new fund is sold 10-20 percent more expensive, and near Tsaritsyno - by 5-10 percent. On the secondary market, the premium for proximity to key parks of the capital is 10-15 percent less and does not exceed 5-10 percent.

According to popular housing search services, a square meter of living space near Sokolniki Park costs from 465 to 896 thousand rubles in primary housing and from 315 to 577 thousand in secondary housing. At VDNKh, new buildings are sold for 602 thousand - 1.1 million rubles per square meter, the old fund - for 307-994 thousand, at the Fili park prices range from 565 to 930 thousand rubles per square meter in the new fund and from 370 to 802 thousand in the finished one. At Krylatsky Hills, a square meter of housing is estimated at 536 thousand-1.1 million rubles on the primary market and 304-663.3 thousand rubles on the secondary market, at Serebryany Bor - 395-983 thousand rubles and 754 thousand-1.2 million, respectively. Apartments in a new building near Losiny Ostrov cost from 260 to 580 thousand rubles per square meter and from 295 to 723 thousand in a ready-made stock.

At the same time, such objects leave the exhibition faster: the high price tag does not bother those who are looking for a picturesque view from the window and good ecology. According to experts, in the next five to ten years the range of apartments in such desirable places will sharply decrease, and in conditions of shortage, prices will rise by another 10-17 percent in the segment of new buildings and by 7-10 percent in the old building.