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The impact of metro stations under construction on the dynamics of real estate commissioning in the adjacent territories from the moment of first mention in the media to the moment of commissioning is considered. The study was conducted on the example of the city of Moscow. Research results show that plans for the construction of metro facilities begin to influence the dynamics of real estate commissioning in the surrounding areas long before their actual implementation. The moment, when information about plans for the construction of new metro facilities becomes available to the public, can be taken as a starting point. Since the announcement of plans for the construction of the metro, the real estate commissioning in the surrounding areas may show several peaks. The first peak is observed 3–5 years after the announcement of construction plans, the second – in the project year of construction completion. The analysis showed the reduce in the volumes of real estate commissioning in the zone of influence of subway facilities after their construction, however, it is necessary to take into account the overall level of urban activity of territories. Keywords: housing, real estate, transport, urban planning, metro, non-residential real estate, time lag.

The Impact of Metro Stations Construction on the Real Estate Commissioning in the Surrounding Areas