Comfort-class new buildings in Moscow are rapidly disappearing from the market

Last April, the supply of new buildings on the primary residential real estate market in Moscow continued to decline. The main "affected" segment was the comfort class, which is most dependent on mortgages.

As Ruslan Syrtsov, Managing Director of Metrium, told MK, due to the “washing out” of supply against the backdrop of discount programs from developers, as well as the low rate of launching new buildings in the mass segment, the supply volume fell by 14.2% in a month. 15.1 thousand lots were exhibited in comfort-class new buildings. Of these, about 13 thousand were apartments and 2 thousand were apartments. During the second month of spring, not a single project was launched on the capital’s mass new building market.

At the same time, according to him, the volume of demand has increased. The largest number of registered equity participation agreements (EPAs) were for projects where developers actively offer discounts. The maximum amount of the declared discount in mass new buildings in "old" Moscow currently reaches 55% (accordingly, the minimum purchase budget taking into account the discount is 4.6 million rubles). However, such a discount is currently offered in only one project, which is being built in the west of Moscow. In another 6 comfort-class residential complexes, the discount amount is 30% (the minimum purchase budget taking into account the discount is 7.9 million rubles).

According to the expert's calculations, the average weighted price per square meter of apartments and flats at the end of April 2025 was 350,530 rubles (+2.8% per month, +5.7% per year). The average weighted price of 1 sq. m. in apartments was 359,710 rubles per sq. m. (+3.3% per month, +6.5% per year), in flats - 281,180 rubles (-0.1% per month, +3% per year).

The rating of the most affordable apartments in April was headed by lots in the Solntsevo district (ZAO) not far from the Govorovo metro station with an area of ​​24.7 sq. m. for 4.6 million rubles, in Zelenograd two kilometers from the future MCD station Kryukovo with an area of ​​19.4 sq. m. for 4.8 million rubles and in Novokosino (VAO) with an area of ​​22.5 sq. m. for 5.3 million rubles.

The TOP-3 most affordable apartments included a lot of 19.9 sq. m. for 5.6 million rubles in Zelenograd, a lot of 22.3 sq. m. for 6.1 million rubles in Golyanovo (Eastern Administrative District), and a lot of 19.1 sq. m. for 6.3 million rubles in the Yuzhnoye Butovo district (South-West Administrative District) not far from the Shcherbinka MCD.

Last April, 2.6 thousand DDUs were registered in the mass new buildings segment (+9.4% per month, -8.4% per year). The maximum number of transactions were concluded in the Western Administrative District (28%, -12 p.p. per month), the second place in terms of the number of transactions is in the Southern Administrative District (18%, -2 p.p.), and the third position is occupied by the Northern Administrative District (17%, -1 p.p.).

The share of transactions involving mortgage loans was 64% (-5 p.p. over the month). The average rate on market mortgages fell by 1.3 p.p. over the month to 26.7%. "The share of mortgage transactions in the structure of demand on the primary market of Moscow fell in April, as credit institutions tightened the conditions for approving family mortgages," Yaroslav Gutnov, founder of SIS Development, explained to MK. Previously, market rates above 15% were considered prohibitive, but the protracted period of the Central Bank's tight monetary policy, in his opinion, has adjusted this situation. Now, each wave of reduction in market rates leads to an increase in purchasing activity. "In turn, banks began to reduce market rates, expecting that the regulator would announce the beginning of a cycle of reducing the key rate in the near future. At the same time, many mass projects still have significant discounts. Accordingly, there are favorable conditions for making transactions in installments, using trade-in or 100% payment,” the developer added.

According to experts, in the coming months the share of mass segment projects on the primary market in Moscow will continue to slowly decline due to their low marginality.