In January, the Moscow housing market saw a notable surge in subsidized mortgage activity, with the total value of loans reaching 11.2 billion rubles. This figure surpassed the corresponding totals in other regions of Russia by a wide margin, marking a 17.8 percent lead. The announcement was made by a senior city official responsible for economic policy and property relations, and was reported by major news agencies.
Officials emphasized Moscow’s continuing dominance in the share of preferential mortgage lending. The January volume of subsidized mortgages stood at 11.2 billion rubles, representing 17.8 percent of the nationwide total for such programs. The data highlights Moscow’s sustained appeal to buyers seeking favorable financing terms within the country’s regions.
Comparative trends show a year-over-year shift in lending activity. In January 2023, the city issued about 1,282 fewer housing loans than in January 2022, a decline of 15.3 percent relative to the record level. Despite this dip, the December 2022 figures had already set a high baseline, and the January 2023 results still positioned Moscow at the forefront of regional mortgage activity in Russia. Analysts note that the city continues to attract a sizable portion of subsidized mortgage demand even as overall volume fluctuates from year to year.
Additional figures from the Moscow regional office of the housing authority indicate that, when comparing January 2023 with January 2021, the total volume of housing loan contracts increased by 18.9 percent, with roughly 5,948 more contracts being recorded in the early part of the year. This indicates a stronger pace of housing credit activity than seen in the preceding year for the capital region, suggesting resilience in demand for subsidized loans among buyers who are navigating high property prices and changing lending terms.
On a separate note, industry observers reported estimates about the average budget for purchasing apartments in new developments within Moscow during January 2023. The typical price for male buyers was around 16 million rubles, while female buyers reported an average of about 13.4 million rubles. The data implies a divergence in average transaction sizes by gender, with the gap reflecting broader market patterns in new-construction housing. These insights help paint a fuller picture of how subsidized mortgage programs intersect with price dynamics in the capital’s housing market.