Revenue of business class developers in Moscow decreased by more than 7%

The revenue of business-class developers in Moscow decreased by more than 7% over the year. This was told to Izvestia by analysts at Metrium, who conducted a study of the real estate market in the first quarter of this year.

According to their calculations, a total of 4.9 thousand transactions were made in the market of new business class buildings in "old" Moscow under an equity participation agreement (DDU) with apartments and apartments, which is 21.1% less than in the first quarter of 2025. The share of the 15 most sought-after projects decreased by 4.3 percentage points. Over the past quarter, the top 15 best-selling new business class buildings in "old" Moscow were updated by nine positions.

The average price per square meter was 545.8 thousand rubles (+2.3% for the quarter, +15% for the year).

"In the first quarter of 2026, the demand for business-class apartments in Moscow's primary market decreased by 22% year—on—year, while for apartments it remained at the same level," Igor Sibrenkov, director of Osnova Group, commented to Izvestia.

According to him, the number of transactions with apartments in new business class buildings is not decreasing due to the demand for a high-quality product at affordable prices. Clients tend to have time to purchase such lots against the background of the exhaustion of their supply due to the moratorium on the construction of new apartment complexes.

As the expert emphasized, the demand for this format of real estate does not depend on changes in the parameters of preferential programs. And in the past quarter, the decision of the Constitutional Court to allow temporary registration in apartments led to an increase in consumer activity.

"The demand for new business-class buildings in the first quarter of 2026 decreased by almost half compared to the previous quarter. In addition to the seasonal factor, the situation is due to the high base of the last quarter, when there was a lot of demand for family mortgages. Sales rates dropped especially seriously in February. In March, the market began to slowly recover as customers adapted to the new family lending conditions and continued gradual easing of the Central Bank's monetary policy," concluded Dmitry Proskurin, Commercial Director of Metrium.

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According to the results of the first quarter of this year, analysts at Metrium told Izvestia on April 14 that the number of real estate transactions in the primary market in the high-budget segment of Moscow decreased by 53%.

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