Over the past year, Moscow has seen a notable shift in its new-build market. The total number of apartments offered in newly constructed homes, including four-room and larger units, declined by about 7 percent. This assessment comes from analysts at Metrium and was reported by Izvestia, reflecting a broader trend across the capital’s property sector.
Specifically, November 2022 data shows developers proposed around 1.6 thousand such properties, compared with just over 1.7 thousand in November 2021. The narrower pullback suggests that the market is stabilizing in some segments, even as overall supply contracts. (Source: Metrium analysts)
Among the different category segments, the hit was most pronounced in first-class, newly built projects. In this tier, the number of available flats with four or more bedrooms fell to 625, marking a 20 percent drop over the year. This shift indicates buyers’ evolving preferences and developers’ recalibration of product mix in the premium tier. (Source: Metrium analysts)
In the mass-market segment of new buildings, the volume of supply contracted by 19 percent, totaling 117 objects. Meanwhile, the combined new and premium classes experienced a more moderate decline of 14 percent, bringing the tally to 324 lots. These differences underscore the varied demand dynamics across Moscow’s housing spectrum, with more affordable options facing greater adjustments in inventory. (Source: Metrium analysts)
Looking at price signals, the market appears to be cooling in pricing as well. Reports from the press indicate that average prices for new builds in Russia began to ease, with well over half of the bids selling at discounts of roughly 10 percent. The implication is clear: buyers are gaining leverage, and developers are responding with more flexible pricing to move units in a slower cycle. (Source: Kommersant, with analysis from market experts)
Industry watchers from CIAN have weighed in on the price and supply dynamics as well. RBC’s coverage cited analysts who noted growth in the number of new developments outside Moscow, pointing to cities such as Omsk, Novosibirsk, and Volgograd outpacing Moscow in certain indicators. This regional shift highlights how broader economic patterns and urban growth are redistributing demand across Russia’s real estate landscape. (Source: RBC reporting based on CIAN analytics)
Taken together, the latest data paint a picture of a market in transition. Developers are adjusting product lines to meet changing buyer preferences, while prices respond to a mix of demand signals and discount strategies. Buyers in both the capital and other regions are navigating a landscape where supply is tightening in some segments and pricing pressure is easing across others. (Source: Metrium and industry sources)