In Russia, the typical monthly price for secondary housing rose by a modest 1 percent, while buyer interest increasingly shifted toward ready-made homes. Market participants, including the publishing outlet Kommersant, reference this consumer behavior as a visible texture of the current market conditions.
Across Russia’s 18 largest regional housing markets, including Moscow and the Leningrad region, the average price of secondary real estate edged up by 0.7 percent month over month, reaching 127.3 thousand rubles per square meter. This figure comes from CIAN.Analytics, a key analytics provider in the sector. Several market observers corroborated these movements, noting a similar uptrend continuing into the previous month as well.
Within the regional picture, Rostov-on-Don stands out with the strongest price appreciation among large cities, as the price per square meter climbed 1.8 percent to 113.8 thousand rubles. In Moscow, the price rise was more modest at 0.7 percent, pushing the average to 303.3 thousand rubles per square meter. The shift toward finished housing aligns with buyers seeking more predictable costs and shorter timelines, as newly built homes tend to carry higher upfront expenses but offer immediate occupancy and potentially lower maintenance surprises in the near term.
Market participants observe that buyers are actively scanning for offers that maximize value, and overall market activity has doubled compared to the previous year. This heightened demand, however, is meeting mixed reactions: sellers respond by pushing prices higher, while the falling ruble introduces another dynamic that could lift price levels further and attract more buyers to the market. The exchange rate environment adds another layer of uncertainty and opportunity for both sides of the transaction.
On June 27, Valeria Letenkova, who heads a Moscow real estate investment agency, noted that the autumn season is likely to bring a tighter buying environment on the capital market. As the season changes, prices in major metropolitan areas are expected to rise gradually, reflecting a combination of demand pressure and broader market adjustments. [Insight attributed to market leadership and property analysts]
Earlier reports indicated that the prices of secondary housing in Russia had already begun a gradual ascent, a trend that remains visible in today’s market snapshots. The combination of steady price increases and shifting buyer preference toward ready-made housing shapes a nuanced landscape for both buyers and sellers.