Ready-made mass new buildings have become 1.5 times smaller than elite ones

During the year, the supply of ready-made new buildings in "old" Moscow decreased by 12%, analysts at Metrium calculated. The maximum reduction in supply is observed in comfort-class projects with keys — almost one and a half times, by 48%.

According to analysts, 5,050 lots in commissioned buildings will be sold in the primary market of "old" Moscow in December 2025. A year earlier, developers offered 5,740 apartments and apartments in ready-made new buildings. Thus, the indicator decreased by 12% in annual terms. At the same time, the share of primary housing with keys in the supply structure, on the contrary, increased by two percentage points (pp) — from 11% to 13%.

It should be noted that during the year the number of ready-made lots on sale in the market of new buildings in "old" Moscow fluctuated significantly. The peak value for this period was recorded at the end of June 2025 — 6625 apartments and apartments with keys. But it is the current indicator that has become the lowest over the past year.

There are currently 910 ready-made apartments and apartments for sale in the market of mass new buildings. The indicator decreased by 48% year-on-year. The share of primary comfort-class housing with keys in December 2025 is 9%, which is the same as in December 2024.

"In the most liquid new buildings, developers sell the entire supply volume before the buildings are put into operation," Yaroslav Gutnov, founder of SIS Development, explained to Izvestia.

He also noted that there are currently 15 complexes in the mass segment that were sold out before construction was completed, including building one of the comfort+ residential complex "First Ryazansky". According to him, this figure is 23% of all comfort-class projects under construction. Relatively few, but the figure increases as the supply in the segment decreases. Massive new buildings are still the most popular, especially among customers applying for a family mortgage. However, developers are temporarily reducing the pace of bringing new comfort-class projects to the market of "old" Moscow due to their relatively low margins during the period of expensive project financing.

Gutnov believes that next year there will be a gradual recovery of supply in the mass primary housing market. However, it will not be possible to reach the previous peak level. In addition, developers have already begun to modernize the product. The usual comfort class is increasingly being replaced by comfort+, which in many ways resembles business class.

In December 2025, developers are offering 2,590 apartments and apartments in ready-made business class complexes (-12% per year). The share of such an offer in the segment is 13%, as it was a year earlier.

Developers of premium housing are currently selling 1,250 lots in ready-made new buildings (+37% per year). The share of such apartments and apartments in the structure of the premium class projects exposition reached 19%, whereas a year ago it was only 11% (+8 percentage points per year).

"The increase in the number of ready-made premium-class new buildings does not indicate overstocking in the segment. Wealthy buyers are more often interested in purchasing apartments with keys, which allows them to assess the compliance of new buildings with renderings and design documentation. In the premium segment, developers announce more exclusive options, and it is important for many clients to be sure that they are paying more for what," says Lilia Artsibasheva, Commercial Director of Regions Development.

According to him, the investment potential of the facilities under construction is, of course, higher. However, liquid new buildings continue to rise in price even after commissioning, including due to the development of locations.

The maximum increase in supply in ready-made new buildings over the year was recorded in the high-budget segment. Today, developers offer 310 apartments and luxury and deluxe class apartments with keys. In annual terms, the indicator increased by 79%. The share of ready-made new buildings in the elite Moscow market in December 2025 exceeds 15% compared to 9% in the same period of 2024 (+6 percentage points).

Ruslan Syrtsov, Managing Director of Metrium, noted that the last time the supply of apartments in ready-made new buildings was lower only at the end of 2022. He explained that the shortage concerns only the mass segment and is observed at all stages of implementation. At the same time, according to him, the supply of ready-made new business-class buildings remains stable, and in the premium and elite segments it is even growing. Syrtsov added that this situation has developed due to the fact that developers in recent years have begun to bring smaller-scale comfort-class complexes to the market, and some mass housing developers have shifted to business class and higher projects.

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Earlier, on December 24, Avito Real Estate analysts reported that interest in apartments in new buildings increased by 10% over the year, and November 2025 marked a record number of registered equity participation agreements. They clarified that 62.6 thousand were registered in November. This is 6% more than in October and 45% higher than in November last year.

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