The most expensive area for new business-class construction remained Moscow’s North-West Administrative District, where the average price reached 485.2 thousand rubles per square meter. This finding comes from an Izvestia report based on an analysis by Bon Ton real estate consultants. The same source notes that the average price per square meter rose 16.5 percent over the year and climbed 5 percent from the previous month.
Last year this region sat fifth among the priciest areas for real estate. The top spot then belonged to the Central Administrative District. That district now ranks second, with an average price of 481.1 thousand rubles per square meter, marking a 6.1 percent monthly increase and a 21.2 percent year-over-year rise.
Analysts from the same firm estimate that the weighted average price per square meter for first-class Moscow apartments in February stood at about 445,000 rubles. This level represents a 2 percent month-over-month gain and a 5 percent increase from the year before.
The Southeast Administrative District boasted the most affordable market. There, the monthly weighted average price per square meter rose to 379.8 thousand rubles, up 2.1 percent, with a 7.5 percent annual increase. These figures underscore the persistent regional spread in Moscow’s real estate landscape, where luxury and affordability continue to diverge noticeably.
Earlier in the week, RBC reported on a study by NF Group analysts indicating that exclusive residential space in new Moscow buildings is valued at around 100 million rubles. At the close of 2022, the typical exclusive dwelling measured about 66 square meters in size, a decline of 12 percent compared with 2021, which translated to an 8 square-meter difference in average floor space. (Source: NF Group)
In summary, current market signals show that price tension remains concentrated in central and northwestern zones, while more affordable options persist in the southeast. The evolving mix of sizes and amenities in new construction continues to shape buyers’ choices and developers’ strategies across Moscow’s districts. (Attribution: Bon Ton Real Estate, NF Group analyses)