More than 170,000 visitors flock to the Moscow City business center daily, including both business district guests and office workers. Hundreds of companies, including major international holdings, have opened offices here.
Given Moscow's significant transportation congestion, many prefer to live as close to work as possible. The prestigious location, superb views from panoramic windows, and lucrative rental opportunities add further value to apartments and suites in the business center's skyscrapers. Therefore, despite the high prices in the Moscow City towers , the supply of residential space there is rapidly declining.
Fewer than 400 residential lots are currently for sale in the City's skyscrapers. However, demand for apartments and condos is regaining momentum following the coronavirus pandemic. Therefore, experts recommend taking a closer look at the many new developments that have sprung up around the business center.
Buyers can already choose from 16 buildings located within a 10-minute drive during rush hour from the Moscow City. The average price per square meter is 512,000 rubles. A mid-sized apartment will cost approximately 40 million rubles. However, these are average prices, and with diligence, you can find more affordable, yet equally affordable, options.
Mint
The cheapest apartments are offered in the comfort-class residential complex "Mint." It's located in the Khoroshevsky district, north of the Moscow International Business Center, and even in the morning, it's no more than an 8-minute drive away. The project is being developed by MIC Group, and the average price per square meter is 279,000 rubles. The architects have designed options for buyers of varying family statuses and income levels. Therefore, "Mint" offers not only spacious apartments but also studios of 25 square meters. Incidentally, such a studio will cost 8.4 million rubles. However, buyers will need to budget for finishing work.
Barclay 6
Second place in the ranking of the most affordable offers goes to the comfort-class complex "Barklaya 6," being built by PIK Group in the Filevsky Park area west of the Moscow International Business Center. The average square meter here costs 326,000 rubles. The complex also offers small studio apartments. A 24-square-meter lot can be purchased for 10.2 million rubles. The developer offers apartments with both pre-finished and fully finished options.
The journey to the City from Barclay 6 takes about 10-12 minutes during the morning rush hour, but getting stuck in traffic is still possible. Therefore, it's best to leave early or take the metro to the business center. Bagrationovskaya station is located near the complex. The journey from there to Vystavochnaya station takes 20 minutes.
Headliner
Third place went to the Headliner residential complex, occupying a large plot in the Presnensky district. The project's developer is KORTROS. Headliner is the most affordable business-class complex near the Moscow City. A square meter here costs 330,000 rubles, while the smallest studio apartment, measuring 29.8 square meters, costs 14.8 million rubles. Most apartments are delivered to buyers unfinished, although a small number are offered with whitebox finishes.
One of Headliner's advantages is its availability of already commissioned buildings. Therefore, it is currently the most affordable option for those who need to relocate closer to Moscow City in the near future.
It takes about 9 minutes to drive from the complex to the City Center. Alternatively, if you take the metro and walk to the nearby Shelepikha station, you can reach your workplace in about 5 minutes.
The remaining spots in the ranking were taken by the residential complexes "Zapadny Port," Fili City, Level Prichalny, and Hide. Prices per square meter in these complexes are 382, 395, 493, and 536 thousand rubles, respectively. Apartments in the Beregovoy and Red Side residential complexes are even more expensive.
Benefits of buying a home near Moscow City
Experts unanimously agree that purchasing residential property near the Moscow International Business Center (MIBC) is a surefire investment. This was recently confirmed by Dmitry Zheleznov, Commercial Director of KORTROS. He shared his thoughts on how properties of any format in this location will be a profitable investment, both for resale and for generating passive income through rental properties. Demand for rental properties remains consistently high, as not only employees of office towers but also tourists, business travelers, and others seek to buy or rent housing near Moscow City. All this ensures returns of 10-15% per annum and virtually 100% occupancy.
Nadezhda Korkka, Managing Partner of Metrium, agrees with Dmitry Zheleznov. She is confident that residential real estate in close proximity to the business center will always remain marketable and relevant. She supports this by noting that a number of government agencies have already moved into the skyscrapers, leading Russian and international companies are constantly opening offices there, and major transportation hubs have been established there. Furthermore, the location offers stunning views, allowing residents to enjoy picturesque views of the river, parks, grand skyscrapers, or the panorama of Old Moscow with its historical landmarks every day.
