News

October brought a noticeable cooling of the real estate market: mortgage lending declined, new-build sales in the Moscow region fell by more than 20%, and available supply continued to expand. Meanwhile, the resale market is growing, primary-market prices remain high, and a recovery in demand may take until 2028. We examine the key developments of the first week of November.

Mortgage lending is growing, but market-rate loans remain expensive. Demand for homes under construction is declining in Moscow, the Moscow Region is showing a different trend, and developers face rising costs of attracting buyers. We examine the week’s main developments and what they mean for the market.

Moscow’s housing market is entering a period in which overall market trends no longer tell the whole story. Sales are declining in some segments, demand is holding up in others, and developers are launching new mass-market residential projects less frequently. Meanwhile, prices continue to rise even where buyers have noticeably become less active. The main change is not simply a slowdown in the market. The behaviour of its participants is changing: buyers are assessing prices and construction readiness more carefully, while developers are taking a more cautious approach to launching new projects.

Fewer Buyers. More Land: Why the Property Market Is Preparing for a Future It Cannot Yet See

<p>Fewer residential projects are being launched, Russia’s largest developer is facing mounting financial pressure, and Moscow still has enough development land for another 13 million square meters of housing. Meanwhile, mortgage borrowers are increasingly looking to refinance existing loans. Russian Estate examines who is best positioned to navigate the market’s next phase.</p>

A quarter of new-build homes are now sold through installment plans, mortgage arrears are growing faster than the loan portfolio, and almost a third of real estate investment is tied to distressed transactions. We look at why the market's key question is no longer just how much money costs — but when it actually arrives.

Resale transactions are rising, new-build sales are falling, and the family mortgage program is changing its rules. Russian Estate examines why the housing market is moving in different directions.

Mortgage rates remain high, buyers are more cautious, and developers are limiting new supply. Yet housing prices are not falling. Russian Estate examines what is reshaping the market.