The luxury real estate value index increased by 15.5% in 2025

In 2025, the Luxury Real Estate Value Index increased by 15.5%, but compared to the third quarter, a decrease of 3.3% was recorded in the fourth quarter. Among the main reasons is the adjustment of the average price per square meter in supply by 1.5% and in transactions by 5.5%. The developer Sminex and the investment holding Finam summed up the results of the year in the luxury real estate market in Moscow, Izvestia got acquainted with the results on January 23.

When calculating the Index, experts analyzed more than 300 projects across 200 parameters, from proximity to the Kremlin to the availability of private infrastructure. 48 new houses have the attributes of luxury real estate today. The price per square meter in them starts from 1.5 million rubles. A year ago, the elite class started at 1.3 million.

By the end of 2025, developers were offering to buy an elite square meter for an average of 3.17 million rubles. In actual transactions during this period, the price of a square was 2.4 million, which is 5.5% lower quarter-on-quarter. Buyers purchased 157 lots, which is the highest figure for the year. Previously, an average of 120 transactions per quarter were concluded.

"The luxury market is growing. At the end of the year, five new development projects were launched. The same number was announced for the first quarter of 2026, which is a record for the last three years. The price per square meter on sale has increased by 18% over the year. Nevertheless, buyers purchased more than in 2024 - 68.7 thousand square meters. m. There is steady demand in the segment and a trend towards more saturated filling of houses: the creation of large—scale courtyards, parks, infrastructure for children, and spaces for maintaining physical and mental balance," said Svyatoslav Kulanin, Director of Valuation at Sminex.

The company notes that customers are increasingly paying attention to the uniqueness of the product and technological solutions. The most important parameters are a prestigious location and privacy. Beautiful architecture, thoughtful planning solutions and a high level of service, which many developers rely on, also remain in the top requests.

"At the end of 2025, Russians actively redirected funds from deposits to other conservative instruments, in particular, to real estate. This is a way to improve the quality of life and a long-term capital preservation strategy. As our Index shows, even taking into account one-time price fluctuations in transactions and on display, luxury square meters are steadily rising in price from year to year. And tools such as the Index make it possible to track these dynamics and make an informed decision about buying or replenishing your investment portfolio, and choose the optimal direction for investing capital," said Vladislav Kochetkov, President of Finam.

In five years, the value of the Luxury Real Estate Value Index has increased by 149%, the median price per square meter for sale — by 134%, in transactions — by 172%. In the fourth quarter of 2020, luxury real estate in Moscow was bought for an average of 897 thousand rubles per square meter, and sold for 1.4 million.

Studio price: the cost of renting a home decreased in 13 cities over the year

This situation has developed against the background of an increase in the volume of supply

Analysts at STONE reported on January 15 that the demand for small apartments in business class increased 1.8 times. According to the preliminary results of the year, the business class segment showed the strongest growth in interest in small-sized apartments (up to 40 square meters). Since the end of summer, the dynamics of transactions has significantly outpaced last year's figures. If demand was unstable in the first half of 2025, then in August the increase compared to August 2024 was 76%.

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