The volume of supply in ready -made new buildings in Moscow and the region continues to grow
The volume of supply in ready -made new buildings in Moscow and the region continues to grow. By mid-April 2025, in the capital, the number of such apartments and apartments reached 8 thousand, in the suburbs-7.9 thousand. It is more difficult to implement areas in the completed residential complexes due to the fact that in this case, customers will not be able to use preferential mortgage programs that became the main sales driver. The authorities are trying to help developers, offering to spread installments to the finished housing. But such schemes have too many risks, experts say.
By mid -April 2025, the volume of offers of apartments and apartments in the newly surrendered new buildings in Moscow grew by 2.4% of the year, up to 8 thousand lots, calculated in the analytical service Dataflat.ru at the request of Kommersant. At the same time, the offer of housing in the new buildings under construction, on the contrary, decreased by 14%, to 62.1 thousand lots, analysts said. In the suburbs, the exposition in already surrendered complexes increased by 24.3%, to 7.9 thousand, the total volume of the real estate sold in new buildings – by 22%, to 49 thousand, follows from the company’s data.
This is caused by a decrease in demand for new buildings. According to the estimates of the Dom.rf analytical center, in January -March 2025, the volume of housing sales in new buildings throughout Russia decreased by 6% of the year, to 5.3 million square meters. м. Из-за этого доля нераспроданного жилья продолжила расти. In March 2025, the share of non -expedient housing in apartment buildings throughout the Russian Federation with planned input this year amounted to 47%, Calculated “Kommersant” based on the data of the NAMAD DODOME.rf information system. This is the maximum value for March over the past six years for which the system has been disclosed. So, in March 2024, the indicator was 41%, 2023 – 43%, 2022 – 32%, 2021 – 29%, 2020 – 25%.
In already built residential complexes, selling lots are always more difficult, including due to higher prices than at the start of construction, notes Lyudmila Kostyayykin, head of the sales department of the Bel Development Group of Companies.
The difference in price can reach 30%, confirms the junior director for corporate ratings « Expert RA » Maria Voalik.
Also, a preferential mortgage does not apply to finished housing: it was it that has become the main tool for sales for developers. In March 2025, the share of transactions in the primary housing market of Moscow and the Moscow Region with the involvement of a mortgage amounted to 59%, follows from Dataflat.ru calculations. Then the volume of issuance of housing loans amounted to 61 thousand, of which 60% were for preferential programs.
The increase in the volume of non -distributed areas bothers the authorities. On April 15, Deputy Prime Minister Marat Khusnullin proposed to work out the provision of installments when buying housing after its commissioning, if the developer fully calculated with the bank, with the possibility of establishing a deposit for such property. Installment is now especially popular among buyers. If in March 2024 this tool was used by no more than 30%of buyers of Moscow new buildings, and in March 2023 no more than 5%, then in the first quarter of the current year, the share of purchases with its use in some projects already exceeded 60%, calculated in Incom-Realism.
An initiative with installments can stimulate demand, but so far it carries too many risks for the developer, the commercial director of Alfastroyinvest Group of Companies Yuri Balabanov warns.
When selling in installments, the developer is obliged to immediately report on the transaction and pay taxes, despite the fact that the money comes in parts, he notes.
Housing buyers are increasingly avoiding mortgages
For two months, the share of transactions in the primary housing market, redeemed without the use of credit funds, reached 57%throughout Russia, while over this period about 800 billion rubles were realized for this period. Such data at the housing market, which was held on April 18, was announced by the director of the Department of Banking Regulation and Analysts of the Central Bank, Alexander Danilov. This is a significant growth. For comparison, Mr. Danilov cited the data over the past periods. So, for the entire 2024 year, when apartments and apartments for 5.6 trillion rubles were sold on the primary market, the share of transactions using customers exclusively own funds was 32%. In 2023, with a total amount of sales of 5.7 trillion rubles. About 16% of transactions passed without involving a mortgage. In 2022, these indicators amounted to 3.3 trillion rubles. and 15%, respectively, in 2021 – 2.9 trillion rubles. and 5%. The current noticeable increase in housing in new buildings, redeemed without credit funds, is associated with a reduction in preferential mortgage programs and high rates on market loans exceeding 25% per annum.
The main risk of the developer is a default on the payments of buyers of apartments (see “Kommersant” from April 18). Then the developer will have to terminate the contract and return the money to the failed buyer to deduct a fine, says Denis Bobkov, head of the marketing and Asterus Analytics Department. But returning real estate can be more difficult if people are registered in the apartment at this point, the Granel Group Director Larisa Maslyukova warns. In this case, a court decision will be required.
In addition, the developer will actually take on functions similar to banking: customer lending, paying control, debt collection, Yuri Balabanov points out. Legal practice with installments in rented houses has been worked out especially poorly, so developers are often refrained from such an opportunity, although it is not prohibited today, says Ruslan Syrtsov, managing director of Metrium. The mechanism can develop only in the case of supporting infrastructure in the form of state guarantees or tax benefits, says Mr. Balabanov. But the head of the Central Bank Elvira Nabiullina, who asked the developers to “not resort” due to the risks of uncontrolled growth of the debts of citizens, opposes the installment plan.
