In January this year, the typical price of a standard one-room apartment in new Moscow buildings stood at 11.27 million rubles. Year over year, the primary market for small flats in the capital eased by 5.3 percent, and the decline from December was 3 percent. These figures come from Izvestia, which cites data from the real estate agency Inkom-Nedvizhimost.
The agency noted that the annual median price for two-room units also fell, dropping by 6.9 percent. In January, a two-room unit in new Moscow homes carried a median price of 17.46 million rubles.
Meanwhile, prices for multi-room apartments declined more slowly, slipping by 1.1 percent over the year. In January, those larger plots were listed around 50.1 million rubles on the market.
Separately, data from Avito Nedvizhimost and other sources, cited by socialbites.ca, show that the average rent for long-term leases in Moscow tumbled 21.4 percent in 2022. The typical rental listing in Moscow during January 2023, across all price segments and districts including the city center, stood at about 55 thousand rubles per month. When looking at the broader trend, the capital led Russia’s major cities in the pace of rental price declines over that period.
These shifts reflect a broader pattern in the city’s housing market where demand appears to be recalibrating after a period of rapid growth. Buyers are increasingly sensitive to price signals, and developers have shown a cautious approach with inventory and pricing strategies. In the one-bedroom segment, the drop in price signals a possible consolidation phase in the market, while two-bedroom units show a sharper year-over-year decrease, suggesting shifting buyer preferences and budget constraints in the post-pandemic environment. The continued moderation in prices for larger, multi-room units indicates that investment appeal remains, but at a reduced velocity compared with previous years. In the rental segment, the pronounced decline points to improved affordability for renters, albeit with potential impacts on landlord yields and property management dynamics. Taken together, these indicators imply a market moving toward balance, with price adjustments reflecting evolving demand, supply, and policy influences across Moscow’s urban housing landscape. (Source: Izvestia via Inkom-Nedvizhimost; Avito Nedvizhimost; socialbites.ca)