For example, a 250-square-meter house 15 kilometers from the Moscow Ring Road on Borovskoye Shosse cost 13 million rubles (now $388,000) in October as well as March. Several sellers redenominated the prices in dollars: A 250-square-meter cottage on the 28th kilometer of Dmitrovskoye Shosse cost 7.8 million rubles (now $233,000) in October and is currently offered for $275,000.
The situation with land is similar. For example, 1,100 square meters on the 12th kilometer of Dmitrovskoye Shosse in a planned village with communication infrastructure has not changed its price of 8.4 million rubles. "I'm not hurrying anyway," the owner said in response to a question about a discount.
Dollar prices have fallen 30 percent to 40 percent since the fall, while ruble prices have only fallen 8 percent to 10 percent, said Ilya Terentyev, director of the Internet portal Zemer.ru. Companies are giving out bigger discounts, but people on the resale market aren't ready to lower prices noticeably.
