Analysts named the reason for the increase in apartment prices by a third since the beginning of the year

The real estate market in 2025 found itself in a zone of turbulence. The instability of the key interest rate, currency appreciation and general inflationary processes have created a new reality for developers and buyers. All these factors have led to an increase in the cost of construction. Analysts at MR Analytics told Izvestia on November 29 that since the beginning of the year in the Moscow region, the average cost per square meter in new buildings has increased by almost 20%.

The main reason for this jump was the rise in price of construction and finishing materials, especially imported ones, which have no analogues on the Russian market. We are talking about pigments, impregnations, decorative mixtures, adhesives and dyes, without which it is impossible to ensure the quality level expected in business and premium class projects. According to experts, the cost of finishing materials has increased by an average of 20-30%.

The price increase is the result not only of market fluctuations, but also of changes in logistics.

"Today, it costs three to five times more to deliver one truck from Europe than it did two years ago. In response, many developers have shifted their focus to Asian markets, where materials are not inferior in quality, but have a longer supply cycle. This, in turn, affects the timing and overall cost of construction processes," Mr.

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This is due to the explosive growth in the number of offers on the market.

An additional factor was the increase in energy prices and contractor services, as well as the shortage of personnel in working professions. Facade contractors have become the leaders in terms of vacancy growth rates. The number of offers for them increased 3.7 times year-on-year. Vacancies for tilers have tripled, for bricklayers — 2.3 times, and the demand for carpenters and foremen has almost doubled.

The reorientation of supplies to Asian markets is becoming one of the key strategies for Russian developers in 2025. The main alternatives were found in China, Turkey, India, the UAE and South Korea. Experts note that the transition to Asian manufacturers helps to partially stabilize prices, but it requires the restructuring of logistics chains and increases delivery times.

This year's growth is taking place even in conditions of limited demand, and this is just an indicator that new price records may be set next year, and there are several reasons for this, said Alexander Ivanov, a leading analyst at the federal company Floors.

"Firstly, we are talking about inflationary risks and expectations that developers put into the financial models of new projects, as well as the risks of further limiting demand against the background of changes in family mortgages and, as a result, the higher cost of loans under project financing," he stressed.

In addition, the construction materials market is undergoing a transformation, some industries are either closing or limiting production, and this will reduce price competition in the future. It is also a change in the structure of refraction in the market, with more and more developers shifting from mass housing construction, where the risks of low demand are greater, to more expensive segments.

On November 26, it was reported that two-bedroom apartments in high-budget new buildings in Moscow have become leaders in price growth over the past year (an increase of 28%). At the same time, in the mass segment of the capital's new buildings, the cost of one-room apartments has increased most noticeably. Over the year, their average purchase budget increased by 25%, from 13 million to 16.3 million rubles. The studios showed almost comparable dynamics and increased the price by 24% — from 9.1 million to 11.2 million.

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