The market for first-class apartments in the heart of Moscow shows a striking spectrum of prices. Data from Izvestia, based on a study by VSN Realty analysts, indicates that the minimum price for these prestige properties in central locations now sits around 13 million rubles. This figure sets a floor for the segment and signals a maintained demand for high-status living within the city core, even as developers manage scale and quality in tightly constrained urban space.
Within the Central Administrative District, the price level of 13 million rubles applies to a particular 10-story complex situated near the Paveletskaya metro station. The footprint of available units ranges widely, from compact 24.6 square meters to more generous 86.5 square meters, illustrating the market’s mix of compact city living and more comfortable, efficiently laid-out spaces that still emphasize location, accessibility, and lifestyle value. The pricing reflects not only size but the premium associated with proximity to transit hubs, business districts, and cultural amenities that define central Moscow living.
On the higher end, the offer slate expands dramatically. The largest business-class apartments in the city center reach sizes from 37.4 square meters up to 360 square meters, with asking prices climbing to around 22.4 million rubles in some cases and surging as high as 194.7 million rubles for expansive, showpiece properties on Olimpiyskiy Prospekt. The spectrum demonstrates how buyers balance scale, luxury features, and exclusive locations, often choosing multi-bedroom layouts, premium finishes, and views that capitalize on Moscow’s iconic skyline and street life.
Analysts report a notable shift in demand dynamics. Izvestia notes that market activity in the capital’s real estate sector has doubled over a one-month period, according to Bon Ton data from late April. This surge points to renewed buyer interest—potentially driven by market timing, perceived value in prime locations, or the recent stabilization of mortgage terms and financing options. The rise in activity underscores the urban appeal of central districts where convenience, prestige, and investment potential converge, even as buyers weigh annual carrying costs and long-term return prospects.
Beyond the price tags and the evolving demand, policymakers have begun signaling changes that could influence pricing and developer strategies. In the latter half of April, the Russian Cabinet introduced a bill for consideration by the State Duma that would eliminate the value-added tax for services tied to the transfer of apartments constructed under shared construction schemes. If enacted, this zero VAT approach could reduce the overall cost of new central projects and alter the financial calculus for developers and buyers alike, potentially broadening access to high-end properties while preserving market vitality in key urban centers.