In Moscow, the trend for new-build apartments continued to tilt toward higher prices over the past year, with the average price settling at 22.5 million rubles as of August after climbing by 13.1 percent. This snapshot comes from Bon Ton real estate analysts cited by Izvestia, who track how the market is shifting as buyers respond to changing financial conditions and new supply dynamics.
The analysts note that the most affordable option remains standard-class apartments, which are currently priced around 7.1 million rubles. Over the year, these units have seen a pronounced price rise of about 29.5 percent, reflecting demand pressures and the premium associated with new construction in prime districts. In contrast, comfort-class flats have moved in the opposite direction, dipping by roughly 2.7 percent to about 9.7 million rubles, signaling a selective cooling in a segment that was previously stable in price terms. Business-class units carry an average price around 20.4 million rubles, up 10.2 percent from last year, while premium-class apartments have moved higher still to about 75.9 million rubles, representing a 7.9 percent year-over-year increase. Within this landscape, one-room layouts and studio formats remain the most sought after among buyers, underscoring a preference for compact, modern living spaces in new developments.
Market observers point to the macroeconomic backdrop as a key driver of near-term demand. With the key rate inching up to 12 percent and mortgage terms undergoing adjustments, some potential buyers may pause or slow their purchasing plans in the short term. Valeria Tsvetkova, the managing director of Bon Ton, highlighted that the business-class segment could be particularly sensitive to rising borrowing costs, given its higher entry price and financing requirements. This cautions buyers and developers to monitor credit conditions closely as the year progresses.
On the supply side, the Moscow new-build market has shown a broad standing inventory. Analysts report a total of about 403.9 thousand square meters of new housing currently available in the old city, along with approximately 8.1 thousand ready-to-move-in units. This figure suggests that new apartments still constitute a meaningful slice of the overall primary market for Moscow, accounting for a notable portion of total supply in the region. Such density of new units provides buyers with choices across class tiers and locations, while developers balance launches against demand signals in a changing financing environment.
Earlier assessments from Metrium described a softer pricing trend for new construction in Moscow, noting a roughly 6 percent decline in prices over the year. Within that context, the price per square meter in central areas experienced a slight downward drift, while overall price levels reflected adjustments tied to market liquidity and the balance of supply and demand. These parallel observations help explain why some segments, particularly those tied to affordable or mid-range categories, may experience more resilience as buyers seek value in a shifting cost structure.
In response to the unsold-housing challenge seen in past cycles, Moscow developers have explored strategies to accelerate absorption of new units. Initiatives have included improved financing options, targeted promotions, and adjustments to project timelines, aimed at aligning delivery with purchaser readiness and credit conditions. The evolving mix of incentives and product offerings continues to shape the trajectory of the market, influencing both pricing and the speed at which new homes move from construction to occupancy. Consumers, builders, and financial institutions alike stay attentive to the evolving dynamics, as the city navigates a period of careful adjustment and strategic placement of new inventory in the coming quarters.