Moscow new housing sales fall 32%
The calculated average listing price on the secondary market within the boundaries of 'old' Moscow up to the Moscow Ring Road for January-July, according to the Committee of the Association of GRM, amounted to 405.2 thousand rubles per square meter (+12% year-on-year).
Consensus
- Sales of new residential properties in central Moscow declined by 32% in January–July 2026 compared to the same period the previous year.
- Buyers are increasingly choosing secondary housing over new builds.
- Secondary housing is on average 30–35% cheaper than new construction in central Moscow.
- The average price per square meter on the secondary market in central Moscow reached 405,200 rubles in January–July 2026, a 12% increase from the previous year.
- The average price per square meter on the primary market in central Moscow was around 620,000–625,000 rubles in the first half of 2026.
- The number of property transactions on the secondary market in central Moscow increased by 3% in January–July 2026 year-on-year.
Points of divergence
- There are currently only 231 housing units priced between 9–11 million rubles available in central Moscow, mostly studios, and the availability of affordable new apartments within the MКАD has drastically decreased over the past 8 years. — tg_moscowmap
Coverage (2 sources)
- In Moscow, demand for new construction has fallen — Вести
- Real estate agents clearly showed how cheap apartments in Moscow disappeared over the last 8 years — Новости Москвы