Most Expensive Room in Moscow Available for $366,000

The most expensive room in the communal apartment in the center of Moscow costs more than three one-room apartments on the outskirts of the city, RIA Novosti news agency reports.

The most expensive communal apartment in Moscow is located in the building near the prestigious Kuznetsky Bridge neighborhood and is available for purchase at 11 million rubles ($366,000).

The cost of the cheapest one-room flat inside the Moscow Ring Road makes up 3 million rubles. Therefore, the cost of Moscow’s flat in Kuznetsky Bridge will be enough to buy three flats and a Mercedes car.

A real estate agent said that there was nothing special about the 11-million-ruble room. It is located in Moscow’s prestigious central neighborhoods, and this is the main advantage that the room has.

Nevertheless, the average price of Moscow communal rooms is much lower. A room in a communal flat in Moscow’s Central Administrative District can be available from 2.5 to 6 million rubles ($83,000-$200,000) depending on their square and location. The cheapest communal room can be found in Moscow for 800,000 rubles ($26,000).

Rooms in communal flats enjoy popularity among those arriving from other Russian towns and young Muscovites, who buy such rooms because they can not afford a flat yet.