Analysts noted a slowdown in the growth of prices for new buildings

The price growth for primary real estate in Russia slowed in February to 0.9%, and for finished housing — to 0.8%. This is evidenced by the research of the analytical service "Domclick" and the Center for Financial Analysis (CFA) of Sberbank (available to the editorial staff).

The average cost per square meter in new buildings was 186.5 thousand rubles, in ready—made housing - 122.8 thousand rubles. Annual growth reached 8.9% and 9.2%, respectively, overtaking official inflation in both segments. At the same time, the growth rate in the primary market has been declining for the second month in a row, which the authors of the study attributed to the reformatting of the family mortgage program.

In Moscow, for the first time since April 2025, a decrease in prices for new buildings was recorded — by 0.2% per month. The largest monthly growth among the largest regions for the fifth month in a row is shown by the Moscow Region (3.3%). The highest annual growth rates were recorded in the Moscow and Nizhny Novgorod regions (17.1% and 16.0%).

At the same time, competition from the secondary market is increasing. The square meter in houses built over the past ten years has risen in price by 17% over the year, and the price gap between such secondary and new buildings has decreased to 1.4%. Sellers' confidence in the secondary market is growing, analysts say: the ratio of the supply price to the transaction price jumped to 15.1% amid lower market rates and the partial spread of preferential mortgage programs for ready-made housing.

As in previous months, ready-made apartments in Moscow and St. Petersburg are the most expensive: on average, 332.8 thousand rubles and 221.6 thousand rubles per square meter. m. The top five also include the Moscow region (157.1 thousand rubles), Krasnodar Territory (149.4 thousand rubles) and Leningrad Region (139.3 thousand rubles).

80.6 million square meters remain unsold in new buildings. m housing. The authors of the study noted that in the medium term, developers do not yet have the opportunity to transfer the increase in costs to the price, and only a new period of high demand could improve the situation.

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