In February, no new mass housing projects were launched in Moscow.

In February, no new mass housing projects were launched in Moscow. This is the conclusion reached by analysts from the Metrium company, who summed up the results of the month in the primary market of the capital.

According to the study, the volume of supply increased by 11% in a month.

The weighted average price per square meter was 420,660 rubles (+1% per month, +23% per year). In total, 991 DDA transactions were concluded (-38% per month, -65% per year).

At the same time, no new mass segment projects were launched in February and only one new building entered the market. However, in some projects that are already underway, developers have opened sales of a new volume of apartments.

"The unprecedented price increase in the mass segment over the past year is primarily due to the shortage of supply. According to the results of February 2026, the volume of the exposition of primary comfort-class housing in the capital decreased by almost half compared to February 2025. The current decline in demand is due, among other things, to the fact that fewer and fewer of the most liquid apartments remain in this segment. However, developers are adjusting prices upward for almost all real estate formats in Moscow's massive new buildings. This is due to the fact that in conditions of scarcity, the exposure time of most lots is shortened, even those that are traditionally not particularly in demand," said Yaroslav Gutnov, founder of SIS Development.

As Ruslan Syrtsov, managing director of Metrium, noted, in February 2026, the natural cooling of demand continued, the volume of transactions in the mass segment decreased by 38% over the month (to 991 DBU), and the share of mortgages decreased by 10 sub-items, amounting to 76%. This, according to him, directly indicates that the high demand in anticipation of changes in family mortgages has exhausted the potential of buyers focused on the previous terms of the preferential program.

"The traditional seasonal factor in the first quarter reinforced the effect of the structural correction. A significant reduction in supply over the year (by 47%) also became a serious constraint on demand. The decline in available choice, especially liquid facilities, was reflected in low demand in February 2026 (-65% YoY) relative to February 2025. At the same time, after reducing the key rate by 0.5 points, banks lowered the average market mortgage rate by 0.5 points to 20.5%. However, the indicator still remains a barrier for most customers," he said.

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Analysts at NDV Real Estate Supermarket reported on March 4 that by the end of February 2026, the average price per square meter in the primary housing market of "old" Moscow amounted to 814.9 thousand rubles, including the elite segment. During the month, the cost decreased by 2.3%.

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