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- November 14, 202619°
- BIST10011,843+1.51%
- USD50.26+0.06%
- EUR55.74-0.44%
- GOLD3,876.00-0.24%
- INTEREST36.00%-1.00
- BITCOIN68,843-3.54%
- November 14, 202619°
Moscow's new-home prices rose 3.4-fold in 10 years as sales fell 36%
According to research by RBC Real Estate, the per-square-meter price of new homes in Moscow rose from 121,000 rubles to 408,400 rubles over the past 10 years. Sales fell 36% in the first nine months of 2026 due to high prices and mortgage rates.
In Moscow, the capital of Russia, the per-square-meter price of new homes rose from 121,000 rubles to 408,400 rubles over the past 10 years. Prices thus increased 3.4-fold, reaching approximately $5,000 per square meter.
According to research by RBC Real Estate, Moscow ranked fifth for price growth among Russia's 20 largest new-home markets. During the same period, new-home prices across Russia increased 3.3-fold to 190,000 rubles per square meter.
High rates hit sales
High prices and mortgage rates are weighing on sales. Approximately 38,000 new homes were sold in Moscow in the first nine months of 2026, marking a 36% decline from the same period last year.
Experts say high borrowing costs and an insufficient supply of affordable housing continue to pressure the capital's housing market.
Photo: Wikimedia Commons
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