Moscow housing developers have responded to the sharp drop in demand… (тыс · москва · проект)
Moscow housing developers have responded to the sharp drop in demand by reducing the number of new projects. The highest rates are traditionally found in Nizhny Novgorod at 6,170 rubles per day, followed by Saint Petersburg (5,830 rubles), Moscow (5,430 rubles), and Kazan (5,380 rubles).
Consensus
- New housing supply in Moscow has decreased by about 31% year-on-year.
- Real estate prices in Moscow have increased by 20.3% over the past year.
- The decline in housing supply is attributed to reduced demand.
- Short-term rental prices in major Russian cities rose by 5% year-on-year.
Points of divergence
- The volume of new housing supply in Moscow in the first half of 2025 was the lowest since 2021. — kommersant
- Short-term rental prices in Moscow increased by only 1% year-on-year. — vesti
- In some cities like Volgograd, St. Petersburg, and Chelyabinsk, short-term rental prices decreased. — vesti
- The highest short-term rental rates are found in Nizhny Novgorod, St. Petersburg, Moscow, and Kazan. — vesti
Coverage (3 sources)
- Housing supply shrinks in volume — Коммерсантъ
- Short-term rental in million-plus cities rose by 5% over the year — Вести
- Prices for primary real estate market in Russia have fallen for the second month in a row — Вести