Home buyers have become more interested in business class new buildings in Moscow

On the market of new business-class buildings in Moscow in 2024 the number of concluded share participation agreements (SPA) increased by 7% in comparison with the year to year. This follows from the review of the agency NF Dom, which was read by "Izvestia" on February 17.

A total of 24 thousand CDA were registered last year against 22.5 thousand in 2023. The volume of sold space amounted to 1.4 million square meters (+8% compared to 2023).

"Business class has successfully adapted to the abolition of extensive mortgage state support. In the second half of the year, developers offered buyers unprecedented conditions for deferrals and installments: terms of up to seven years, a minimum down payment of 5%, and the possibility of switching from installments to mortgages. As a result, the number of concluded CDA even increased by 7% when comparing year-on-year", - says the review.

At the same time, according to experts' information, at the end of 2024 the volume of supply in the primary market of business class housing in Moscow amounted to 20.8 thousand apartments and apartments with a total area of 1.3 million square meters in 139 projects. The volume of exposure (in lots) increased by 29% compared to last year, and in sq. m. - by 20%. In total, sales opened in 33 new business class projects (21 in 2023).

In addition, it is specified that the share of mortgage transactions in 2024 amounted to 47%, which is 16 percentage points lower than in 2023. After the cancellation of a number of preferential mortgage programs in June, there was a significant decline in the number of mortgage transactions. In the fourth quarter, for example, their share fell to 30% from 67% a year earlier.

"In 2025, part of the developers for intensive filling of escrow accounts at the beginning of construction will sell limited starting volumes of apartments at attractive prices, but without installments. This strategy will allow them to reduce their own credit load faster. They will also develop tools that will allow them to deduct fines or penalties from shareholders for non-payment of installments. Today, real estate developers are not protected in the event of payment termination. After a lengthy judicial procedure of termination of the CDA all the money is returned to the failed buyer," - said the managing director of NF Dom Natalia Sazonova.

February 5, it was reported that every eighth Russian respondent (12%) plans to start saving and saving money for an apartment in 2025. This is stated in the results of a study by Level Group.