Increased luxury housing prices in Moscow exceed 2 million rubles per square meter, report analysts.
In Moscow, the luxury real estate market shows a notable surge in prices during the first three months of 2025. Analysts and real estate agencies, including Intermark City Real Estate, report an average cost of luxury properties at 2.07 million rubles per square meter.
Similar data from Intermark City Real Estate indicates a slightly lower transaction average of 1.64 million rubles. Notably, the prices for luxury apartments in new buildings jumped by 25% over the past year, reaching 1.95 million rubles per square meter, according to a representative from Kalinka Ecosystem.
The increase in real estate prices, experts tell Vedomosti, can be attributed to the high demand for expensive apartments. With economic instability and currency fluctuations, luxury real estate remains an appealing investment opportunity, offering stability and capital preservation.
Last year, luxury real estate showed a decrease due to seasonal declines in buyer activity, as reported by NF Group. However, the current trend reveals a stark contrast, with prices rising sharply.
While the overall primary real estate market in Russia exhibits concerns of overheating and bubble risks, the luxury segment remains relatively stable and less susceptible to such issues. This is partly due to a limited supply of high-quality, exclusive properties and the fact that the majority of purchases in the luxury segment are made with buyers' own funds.
Additionally, luxury property buyers prioritize lifestyle, architecture, infrastructure, and environment over mere floor space, contributing to the sustained demand for high-end offerings. The preference for boutique formats with short construction cycles and the view of luxury real estate as a reliable long-term investment further fuel this demand, even amid geopolitical and economic uncertainties.
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Investing in luxury real estate has been attractive for those seeking stability during economic instability, as the average cost for a square meter of luxury properties in Moscow currently stands at 2.07 million rubles, according to Intermark City Real Estate. Moreover, analysts predict that the prices of luxury apartments in new buildings could further increase, considering the high demand for expensive properties and the view of luxury real estate as an appealing long-term investment.
