Moscow New Builds Shift to Premium Segment Amid Falling Demand
The Moscow new construction market is shifting toward premium projects amid declining demand and reduced supply, with non-mortgage buyers driving recent transaction volumes despite overall market contraction.
Consensus
- The Moscow new construction market has seen a decline in demand and supply since the start of 2026.
- Deviation in market dynamics shows a rise in sales within the premium segment despite overall market contraction.
- Non-mortgage demand has increased in July 2026, contributing to the highest transaction volume since the beginning of the year.
- The share of mortgage deals in total transactions fell to 51% in July 2026.
- The volume of new housing supply in Moscow dropped by 34% compared to the same period in 2025.
- Prices for new apartments in Moscow have increased by 4.3% year-on-year without inflation adjustment.
- High key interest rates, reduced mortgage incentives, and rising prices are deterring buyers.
Points of divergence
- The premium segment saw a 68% year-on-year increase in sales in July 2026. — riamo
- There is no expectation of significant price reductions in the new construction market in Russia. — vesti
Coverage (2 sources)
- New constructions in Moscow move to the expensive segment: what is happening with the market — РИАМО
- Prices on the market of new buildings: expert forecast — Вести