25.02.2025, 16:04
Demand for new business class buildings has soared in Moscow
Source: OREANDA-NEWS
OREANDA-NEWS Demand for new business-class buildings has soared in Moscow. In January 2025, developers sold 110 thousand square meters of such real estate, which became a record for the last ten years.
Sales of such housing were 31 percent higher than in the same month in 2024, analysts said. The Moscow primary real estate market is currently showing growth as a whole: sales increased by 234,000 square meters in January (+28 percent compared to January last year). The activity observed in the market in January 2025 corresponded to the level of December, which is unusual for the beginning of the year.
The end of the term of deposits at a high interest rate, maintaining the key rate level and pro-inflationary expectations of the population played a role, explained Olga Pavlik, Director of analytics at Forma. Many deals were concluded by investors in projects at an early stage of construction, which became the driver for a new business class project from the developer himself, the PAVE residential quarter in the Danilovsky district.
The facility, consisting of six buildings with variable storeys (three of which will be represented by dominant towers), is scheduled to be commissioned in the fourth quarter of 2028. Its total area will be 78.9 thousand square meters, the living area will be 47.7 thousand "squares". The apartments will range in size from 28 to 156.4 square meters, with 503 parking spaces in the underground garage.
According to Pavlik, a total of 1.6 million "squares" of real estate were sold in new buildings in the capital in 2024. At the same time, the share of mortgages in the business class varied depending on the half-year: in the first half of the year, before the cancellation of preferential mortgage programs, it was 62 percent, in the second — only 39 percent.
Earlier it became known that prices for new buildings at transport hubs have soared in Moscow. According to STONE, the average cost per square meter near TPU in the capital has reached 542 thousand rubles. The increase was 32 percent in three years.
Sales of such housing were 31 percent higher than in the same month in 2024, analysts said. The Moscow primary real estate market is currently showing growth as a whole: sales increased by 234,000 square meters in January (+28 percent compared to January last year). The activity observed in the market in January 2025 corresponded to the level of December, which is unusual for the beginning of the year.
The end of the term of deposits at a high interest rate, maintaining the key rate level and pro-inflationary expectations of the population played a role, explained Olga Pavlik, Director of analytics at Forma. Many deals were concluded by investors in projects at an early stage of construction, which became the driver for a new business class project from the developer himself, the PAVE residential quarter in the Danilovsky district.
The facility, consisting of six buildings with variable storeys (three of which will be represented by dominant towers), is scheduled to be commissioned in the fourth quarter of 2028. Its total area will be 78.9 thousand square meters, the living area will be 47.7 thousand "squares". The apartments will range in size from 28 to 156.4 square meters, with 503 parking spaces in the underground garage.
According to Pavlik, a total of 1.6 million "squares" of real estate were sold in new buildings in the capital in 2024. At the same time, the share of mortgages in the business class varied depending on the half-year: in the first half of the year, before the cancellation of preferential mortgage programs, it was 62 percent, in the second — only 39 percent.
Earlier it became known that prices for new buildings at transport hubs have soared in Moscow. According to STONE, the average cost per square meter near TPU in the capital has reached 542 thousand rubles. The increase was 32 percent in three years.
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