By the end of June 2024, Moscow’s historic city center posted 49,110 newly completed apartments changing hands, showing a steady month over month rise of 1.6 percent. The numbers come from Metrium’s chief executive, as provided for socialbites.ca. The strongest supply pockets were the southern sector with 8,918 units, up 5.2 percent from May, the western district with 7,596 units, rising 5.6 percent, and the northern area with 6,179 units, an increase of 2.4 percent. Among districts, Danilovsky led in volume with 3,158 units, up 12.4 percent month over month, followed by Pokrovskoe-Streshnevo with 2,774 units and a 12.2 percent rise, and Khoroshyevo-Mnevniki with 1,882 units, up 3.3 percent. The expert linked the surge in primary housing sales in the historic Moscow region to seven complexes completing and commissioning within a single month, expanding available stock and attracting buyers who had waited for new projects to open. The pattern demonstrates how developers can move sizable inventories when new products come to market and financing conditions stay favorable for buyers. [Citation: Metrium data]
In the New Moscow territory, developers are actively selling 21,650 units in new buildings, marking a slight monthly decline of 1.9 percent. A striking 96.3 percent of this supply concentrates in the Novomoskovsky administrative district, while the Troitsky district accounts for 3.7 percent. Among New Moscow districts, Sosenskoe holds the largest share with 7,422 units but has fallen 11.3 percent month over month; Marushkinskoe follows with 4,270 units, down 11.1 percent, and Desenovskoe shows a dramatic shift with 2,591 units, rising 91.3 percent. Metrium’s chief explained that reduced stock in June within New Moscow residents’ areas comes from higher demand as buyers rush to secure housing before changes to concessional mortgage programs. He also noted that at the start of the summer Desenovskoe launched a new phase of a major project, which drew a fresh wave of visitors and boosted showroom traffic. [Citation: Metrium data]
According to Metrium data, the average price for apartments in New Moscow at the end of June 2024 stood at 27.94 million rubles, reflecting a 2.7 percent monthly increase. At the same time, nearly 45 percent of available units were selling below 15 million rubles, illustrating a broad spread of price levels across the market and potential affordability within the wider metro area. [Citation: Metrium data]
Observers track shifts in housing costs across major cities, and Moscow’s current trends reveal how new development activity, mortgage policy adjustments, and district-level demand interact to shape the market. The evolving picture emphasizes timing and location for buyers and developers as they navigate price dynamics and supply changes across different Moscow districts and the broader region. [Citation: Metrium data]