The fall in prices for residential real estate in Moscow, both in the primary and secondary markets, no longer surprises. And if more recently, the sellers of the capital "secondary housing" have tried with all their might to "keep the price", delaying the exposure of the sold apartments for many months, now, it seems, their patience is coming to an end.

Massively, they began to break down in May, possibly realizing that with the beginning of summer, the market expects a traditional dead season, which will last at least until September-October.

That sellers of secondary housing are willing to reduce prices, follows from a study of experts from the Analytical Center INCOM-Real Estate, according to which 87% of transactions in the Moscow secondary housing market in May were made with different discounts. According to analysts INCOM-Real Estate, a new historical maximum was set in terms of the number of sales made at a discount, confirming the practice of mass discount, which was established in the segment of the capital "secondary housing".

At the moment, a smooth decline in prices by sellers: last month, a negative correction was 1.6% (1.9% - since early 2017).

However, the beginning of a decline in prices still does not meet the actual requirements of consumer demand: the gap in the price expectations of sellers and buyers is now more than 25%.

The average price of supply in the secondary housing market of Moscow (segments "economy", "comfort" and "premium") today is 10.1 million rubles. At the same time, the average check of the transaction does not exceed 7.55 million rubles, from which it can be concluded that the prices declared by the sellers exceed the actual prices by 25.2%.

According to the analytical center irn. Ru, for May the average cost of the metropolitan square meter in rubles has not changed at all and continues to remain in the range of 167-168 thousand. Rubles. Dollar index of prices decreased by 0.2% compared with April's figure and still falls short of $ 3000 per square meter.

The fact that the mass decline in prices began in the supply sector of secondary housing is largely a consequence of the cooling of the primary market, faced with large-scale overstocking.

Until recently, the main housing construction in the capital was carried out outside the Moscow Ring Road and in New Moscow. The record activity of developers, as noted in one of his speeches, the head of the analytical center "Indicators of the real estate market" Oleg Repchenko, led to the fact that macroeconomics has ceased to be a factor determining the price dynamics in the real estate market. The volumes of the offer have come to the fore, which are so great that it will probably be possible to sell everything that has been built only if the cost of housing is revolutionary lowered. That is, in fact, it is a question of oversaturation of the market, to cope with it in the economic crisis is problematic.

The situation is complicated by the fact that the main areas of new buildings are located outside the Moscow Ring Road, far from the main Moscow. Constructed in an open field, the microdistricts, isolated from the infrastructure and communications, are of less and less interest to people ready to enter into a mortgage and pay for the "Moscow", and not for the "lock" housing.

Another important point is that recently there has been a qualitative reassessment by buyers of the requirements for purchased housing. People are ready to give their blood not for bare concrete without elementary interior decoration (which is offered in most new areas), namely for ready-made full-fledged housing with roads, parking lots and social infrastructure. Most of the "hanging" developers of microdistricts can not boast of all this in full.

How long in connection with all this will the decline in prices for the capital's real estate continue and will it go up in the near future?.

The real estate market, especially in the capital, is a reflection of the overall situation in the country's economy. Periods of unrestrained growth in Moscow prices fall at the time of peaks in the raw material economy and income levels of Russians in 2008 and 2013. Repeat this in the foreseeable future is not expected. And this means that the rush demand for Moscow square meters is more, most likely, will not be.

Apartment in Moscow for many ceases to be a cherished goal both in view of the drop in the level of income, and the revision of the attitude to the very residence in the capital. From which we can conclude that the prices for Moscow apartments will decline and further, drifting towards the average Russian levels.

At the same time, the best market prospects will be in the housing located within the MKAD and provided with the necessary infrastructure: the proximity of the metro, roads, parking, educational, medical and social facilities, and the worst - in the "castle" areas, where all this is not in sufficient quantity.