OREANDA-NEWS  Russian developers in January-August 2025 reduced revenue from home sales by eight percent compared to the same period last year. This is reported by RIA Novosti with reference to data from Dom.RF.

Revenue for the first eight months of 2025 reached 2.9 trillion rubles. 14.4 million square meters of housing were sold, which is 17 percent less than a year ago.

The revenue of developers in the mass segment decreased by 12 percent and amounted to two trillion rubles, while in the segment of business and luxury housing, revenues increased by five percent, to 900 billion rubles.

In August, home sales increased: developers received 422 billion rubles (up 42 percent from last year), and in physical terms sales amounted to 2.1 million square meters (up 28 percent).

The ratio of new buildings sold to those under construction on the market as of September 1 was 69 percent, which is eight percentage points lower than at the beginning of the year.

Earlier, the former Minister of Finance of the Russian Federation, economist Mikhail Zadornov, said that market loans were meaningless because of their high rates. In turn, the head of the Bank of Russia, Elvira Nabiullina, announced a twofold increase in the cost of housing due to preferential mortgages from 2020.