In September, the Moscow market for two-storey apartments in new buildings showed a broad spread in pricing. The lowest announced price for a two-storey unit stood at 17.7 million rubles, offered within one of the more affordable housing complexes. This snapshot comes from ongoing market tracking and is cited by a major daily as part of its coverage based on data gathered by the analytics firm Metrium.
Across the month, the market introduced 217 two-storey parcels spread across 46 distinct projects. The price tag on the most expensive option reached 1.39 billion rubles, highlighting a price spectrum that ranges from accessible middle-market offerings to ultra-luxury possibilities. The gap between the lowest and the highest priced units in this segment stretches to roughly 80 times, illustrating the considerable diversity within two-storey living in the capital.
Ruslan Syrtsov, head of Metrium, commented on the appeal of two-storey designs, noting that zoning flexibility, enhanced natural light, and increased privacy contribute to rising demand. In the first nine months of 2023, the supply of two-storey housing in Moscow grew by more than half, expanding by 55.3 percent. Yet the share of such homes within the premium segment remains a tiny fragment, measured at around 0.6 percent, a statistic that prompts market observers to question whether this format has more room to grow in higher-end categories.
At the same time, industry data show a record level of activity in Moscow’s luxury real estate market. The recent period has marked a peak in transactions within the high-end segment, suggesting strong buyer interest across premium properties and a willingness to invest in locations and layouts that offer exclusivity and prestige.
Analysts have debated what these trends imply for broader questions about apartment pricing and mortgage dynamics in Moscow. As the market continues to tilt toward varied layouts and price points, lenders and developers are reassessing financing terms and project mixes to align with shifting buyer preferences and evolving market signals.