The price of the most expensive lot in the primary housing market in Moscow increased by 75% per year

Over the year, the cost of the most expensive lot of residential real estate in the primary housing market in Moscow increased by 75%, reaching 3.76 billion rubles. This was facilitated by the growth of demand for apartments in elite complexes and a shortage of sites for development in the center of the Russian capital. At the same time, in more budget segments, maximum prices grew more restrained.

In May 2025, the cost of the most expensive apartment in open sale in the primary market of Moscow increased by 75% year by the year, to 3.76 billion rubles, the study of Metrium said. This is an apartment in an elite project, while in the premium grade the cost of the most expensive offer increased by 2.8 times, to 2.18 billion rubles, in the business class-only 11%, up to 387 million rubles, in mass projects-by 8.1%, up to 48 million rubles, the company said.

The most expensive and exclusive lots are getting more expensive than the market, said Anna Rajabova, director of the metrium premium elite real estate department.

Given the closed sales, the maximum supply cost already reaches 10 billion rubles, she adds. Such lots are penthouses or villas in the projects of the Dlux class, says the founder of Kalinka Ecosystem Ekaterina Rumyantseva. “Moreover, if five years ago, billions of purchases were due primarily to a significant area of ​​the premises, now – at the cost of a square meter, which in exclusive versions reaches 9 million rubles,” says Ms. Rajabova.

The increase in cost in the segment of high-budget projects is explained by a reduction in the number of free plots for development in prestigious Moscow areas, a sharp rise in the cost of building materials from Europe due to Western sanctions, as well as in increased demand due to economic uncertainty, which forces wealthy citizens to seek additional instruments for maintaining savings, Anna Radzhabova lists. There are not so many transactions with expensive lots in the elite market, since it is a niche product, notes Ekaterina Rumyantseva.

Demand for rare lots grew: in October -December 2024, five penthouses were sold, and in the first quarter of 2025, it was already 11, Svyatoslav Kulanin, director for Sminex, calculated.

In general, in the Deluxe segment in January -March of 2025, revenue from the sales of high -budget new buildings in Moscow doubled a year by the year, Counted the UNIKEY marketing director Yevgeny Makarov.

In addition, the growth of maximum real estate prices in Moscow may be due to the replenishment of the exposition. According to NF Group’s partner, Andrei Solovyov, at the end of March 2025 there were more than 200 unique expensive lots on sale, which is 50% more than a year by the year. In addition, many elite projects are now at the final stages of implementation, which affects the price, adds the top-cutter of Whitewill Ekaterina Levina.

At the same time, the mass housing market and business class projects are objectively more balanced and more dependent on economic realities and competition, which is the niche elite segment, says Fedor Ushakov, sales director of mangase.

The moderate increase in prices in projects of the mass-housing and business class is due to a decrease in the availability of mortgages- the main driver of sales in these segments and, as a result, limited demand, a lesser share of investment purchases compared to the elite segment, confirms Evgeny Makarov.

The maximum cost of the lot in the elite segment will continue to grow, Fyodor Ushakov is sure. The rise in price will be maintained by a deficiency of new projects, high cost and current demand for elite objects, which remains pressure on the upper price segment, Evgeny Makarov agrees. In turn, the new buildings of the business class and the mass segment will show moderate growth, and the pace will depend on the key rate of the Central Bank, solvent demand and accessibility of loans, adds Mr. Ushakov. The vice-president of the Country Development Group of Companies, Alexander Gutorov, expects to stabilize prices than growth.

Daria Andrianova