Demand for new buildings decreased in Moscow in March

The Moscow housing market showed mixed dynamics in March 2025, according to experts from Metrium, after analyzing data from the Federal Register of Moscow. The volume of transactions with ready-made housing remained virtually unchanged compared to February, but decreased year-on-year.

In March, the number of transactions in the new building market in the capital decreased both by February and March 2024. This follows from the data of the real estate and consulting company Metrium, which was reviewed by Izvestia on April 17.

In the first month of 2025, according to the Federal Register of Moscow, the number of transactions in the housing market under construction amounted to 6.9 thousand equity participation agreements. According to experts, this is 11% less than in February (7.8 thousand), and 12% less than in March 2024 (7.8 thousand).

"In March, we observed a slight decrease in demand in the new building market, which is associated with the traditional lull after the end of the high season period. However, such dynamics are typical for the Moscow market and do not cause concern. It is worth noting that the current situation opens up additional opportunities for buyers. Developers are more flexible in terms of transactions and are ready to provide various preferences, including installments and discounts," said Yaroslav Gutnov, founder of SIS Development.

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In March 2025, 10.4 thousand loan transactions were registered in the mortgage market, which is 6% less than in February 2025 (11 thousand agreements), but 12.22% more than in the first spring month of 2024 (9.3 thousand transactions). According to the results of the first quarter of this year, 29.1 thousand mortgage transactions were concluded, which is 9% more than in the same period last year (26.8 thousand transactions).

"Despite the continued high mortgage rates, demand for it remains relatively stable. In particular, we see consistently high demand for preferential programs such as family mortgages. In addition, developers are actively developing their own installment programs, which can now be issued not only for the period of house construction, but also for a longer period, which allows customers to optimize their expenses and purchase housing on more favorable terms," said Oleg Kolchenko, a shareholder and managing partner of Osnova Group.

In March 2025, 12.4 thousand purchase and sale agreements were registered in the ready-made housing market (commissioned new buildings and secondary housing), which is only 2% more than in February 2025 (12.1 thousand), and 3.16% less than in the same month of 2024 (12 thousand transactions).

"In March, the dynamics of the Moscow housing market noticeably slowed down, reflecting the general trend in the real estate market. However, it is worth noting that even in more difficult periods, the Moscow new building market has demonstrated sufficient stability. Installment payment programs from developers are now playing a key role in maintaining demand," said Ruslan Syrtsov, Managing Director of Metrium.

According to him, new government support measures aimed at stimulating demand can be expected in the coming months. In particular, the expansion of family mortgage conditions and legislative regulation of installments are being discussed, which may have a positive impact on market dynamics, the expert added.

Earlier, on April 14, it was reported that the weighted average price of 1 sq.m. The cost of housing in the primary premium market in Moscow amounted to 795,920 rubles. Over the year, the cost has increased by 16.3%. In the business class, the "square" rose in price by 4.5%, to 473,300 rubles, in the elite and deluxe class— it rose by 9.5%, to 2.33 million rubles.