Experts reported a reduction in the number of budget apartments in the Moscow new building market

About 4 thousand apartments and apartments worth up to 10 million rubles inclusive are represented in the primary market of "old" Moscow. Over the past year, the number of such budget proposals has almost halved — by 40.8%, according to data from the real estate and consulting company Metrium, which was reviewed by Izvestia on May 20.

In the same period of 2024, 6,725 such lots were presented on the market of new buildings in the historical borders of the capital, and 11,700 in 2023.

The experts also described how the share of budget options costing up to 10 million rubles has changed. Currently, the figure is 8.3%, in 2024 — 13.9%, in 2023 — 23.1%, in 2022 - 21.9%, in 2021 — 18.2%, in 2020 - 33.2%. Analysts attributed the significant decline in the share of inexpensive lots in 2021 to the high demand for compact apartments and apartments during the pandemic, which led to the temporary exhaustion of such an offer.

Luxury replenishment: prices for luxury housing have increased by almost a third in a year

The sales volume in this segment increased 2.5 times.

"In addition to inflation in the new building market, the decrease in the number of budget options is due to a change in the structure of the exposition. Five years ago, the share of massive new buildings on sale was 40.4%, and today this figure has dropped to 35.5%. At the same time, the segment is now dominated not by standard-class panel houses, but by modern monolithic comfort-class complexes. Of course, the "square" in them is more expensive. Consequently, apartments of up to 10 million rubles become a deficit," said Yaroslav Gutnov, founder of SIS Development.

At the same time, he added that such options can still be found in liquid residential complexes.

According to analysts' calculations, there are 2,843 apartments and 1,140 apartments among the most budget lots in "old" Moscow. Housing up to 10 million rubles in new buildings in the capital is represented in only two segments. There are 3259 such lots on mass display, and 724 in business class.

"Over the past 12 months, the average price of Moscow's new business-class buildings has increased insignificantly — by 4.5%. Nevertheless, the supply of the most affordable lots — worth up to 10 million rubles — has significantly decreased in the segment. This is because liquid, compact and inexpensive options are actively being bought. At the same time, their volume in the exposition is no longer replenished, because the Moscow authorities have imposed a ban on the design of small-sized real estate, despite its demand. Nevertheless, there are still available offers," said Igor Sibrenkov, Commercial Director of Osnova Group.

According to Ruslan Syrtsov, managing director of Metrium, only about 30 companies offer at least a small pool of lots worth up to 10 million rubles. The minimum cost of housing in the primary market of the capital has increased from 4.6 million rubles to 4.8 million rubles over the year.

"The choice of inexpensive premises has noticeably narrowed. Such options are an excellent investment asset, as they will definitely become more expensive due to active demand. They are also optimally suited for the rental business," he concluded.

Earlier, on May 16, it was reported that one in five Russians would like to put up a cottage for sale in order to buy an apartment in the capital. At the same time, one in three (33%) estimates the market value of their suburban real estate in the amount of 6 million to 10 million rubles. This follows from a study by the Level Group company.