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Metro Development in Moscow and the Cost of Residential Real Estate - is There Still an Impact?

Maria E. Ivanova – Junior Researcher of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Yury Yu. Ponomarev – Head of Department of Infrastructure and Spatial Research of the Russian Presidential Academy of National Economy and Public Administration; Senior Researcher of the Gaidar Institute, Candidate of Economic Sciences (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

The article presents current (as of the end of 2018 – middle of 2019) empirical estimates of the impact of the number of metro accessibility and other main characteristics of real estate in Moscow on its value, and also shows the heterogeneity of this relationship in terms of price segments in the Moscow real estate market.

Key words: real estate market, metro development, hedonic model, real estate price.