In September this year, analysts from the Kalinka ecosystem reported that 751 lots were shown in Moscow’s secondary luxury housing market, marking a 10% decline from the same period last year. The figures signal tighter supply among Moscow’s high-end apartments and set the stage for how buyers and investors might approach deals in the near term. The study highlights the balance between limited inventory and persistent demand from affluent buyers seeking prestigious addresses in the capital. The data serves as a benchmark for evaluating market dynamics, price movements, and district-level shifts in the capital’s most exclusive segment.
The district distribution shows a clear concentration of listings in central areas. Khamovniki leads with 28% of the total, a rise of one percentage point over the previous year. Presnensky accounted for 19%, down by one point. Ramenki followed with 15%, up three points. The Tverskoy district held 8% (+2 points), Arbat 6% (-1 point), and Yakimanka 5% (-1 point). Zamoskvorechye stood at 4% with no change. In other districts such as Meshchansky, Dorogomilovo, Basmanny, Krasnoselsky, Tagansky, Begovoy, Donskoy, and Danilovsky, each share remained at or below 2% of the total. The distribution underscores a continued pull toward central, prestigious neighborhoods while other districts contribute modestly to the overall supply of luxury housing.
The market tone shows a tightening of expensive apartment supply in Moscow’s secondary sector as lower-cost liquid plots are exhausted and some premium parcels are taken off the market. At the same time, the weighted average price per square meter rose slightly year over year, reaching about 1.3 million rubles. This modest price advance reflects steady demand for high-end units even as overall volumes soften. The average listing value across displayed properties climbed by 3% to 244.6 million rubles, illustrating buyers’ willingness to invest more in prime assets. The average area of land for sale also grew, increasing by 1% to 183.5 square meters, indicating a preference for larger, more versatile parcels in the current climate.
These shifts point to a market where scarcity in top-tier inventory meets sustained appetite from buyers who prize location, size, and potential for value growth. The central districts retain a strong position, and buyers appear inclined to pay a premium for spaces that offer convenience, security, and future upside. Analysts note that while overall activity has cooled compared with last year, price momentum remains positive in the premium segment, supported by a combination of limited supply and ongoing interest from both local and international buyers seeking marquee Moscow properties.
Overall, the Kalinka ecosystem’s findings describe a tighter, more selective market for Moscow’s secondary luxury real estate. Price per square meter has moved higher, and listings are increasingly oriented toward larger, well-located assets that meet the expectations of affluent buyers. For investors and curators of wealth alike, the message is clear: opportunities favor properties in top neighborhoods with generous space and clear value paths, even as total transaction volume softens. The study reinforces that central districts will continue to drive the narrative in Moscow’s elite housing market, with buyers prioritizing location, size, and the potential for appreciation across future cycles. — Kalinka ecosystem analysts