Prices for new Moscow apartments rose through September, with gains reaching as high as 12 percent. Izvestia, citing research from Bon Ton, reports this notable uptick in the city’s fresh-home market.
Over the course of the month, the price per square meter in new buildings within Moscow’s Northern Administrative District led the way, climbing by 12 percent to 420.7 thousand rubles. The Eastern Administrative District and the Northwest Administrative District also saw meaningful increases: 5.9 percent to 346.5 thousand rubles, and 3.9 percent to 341.8 thousand rubles respectively, underscoring a broad-based shift across several districts.
Across the capital, the average price for a Moscow apartment settled at 22.2 million rubles, edging up by 0.5 percent compared with August. The variance in district pricing remains pronounced, with the Zelenograd Administrative District offering the most affordable square meter at 186.4 thousand rubles, while the Central Administrative District emerged as the most expensive, averaging 797.6 thousand rubles per square meter.
Data from VSN Realty indicates a record-level sprint in sales for flats and apartments in Moscow during August, continuing into the year’s late summer period. By the end of August, 6.4 thousand units in new comfort and business-class buildings had been sold in the capital, a signal of strong demand in the market. The year 2023 also marked a record 27 percent rise in the number of plots sold, with the overall housing transactions reaching 301 thousand square meters and developer revenue estimated at about 116.4 billion rubles.
What lies ahead for Russia’s real estate market remains a topic of industry discussion. This assessment draws on coverage from Newspapers.Ru, which provides ongoing insight into pricing trends, supply dynamics, and sales momentum as the market adapts to shifting economic conditions.
In the broader context, analysts note that price movements across Moscow’s districts reflect a mix of supply constraints, demand from urban residents, and investment activity in different segments. As buyers and developers navigate these factors, the market continues to exhibit resilience, with pricing and transaction volumes responding to both macroeconomic signals and the evolving appeal of newly built homes in strategic urban zones.