Experts have suggested a 15% increase in luxury housing prices by the end of the year.

After reducing the key rate to 18% by the end of the year, prices for luxury housing in Moscow will increase by 15%, and demand by 25%. Dmitry Khalin, Managing Partner and CEO of Intermark Urban Real Estate, informed Izvestia about this.

"First of all, we expect an active return of large amounts of capital to the luxury housing market. Moreover, during this time, wealthy buyers were able not only to keep their savings in banks, but also to increase them, which means a new wave of activity not only in the elite segment as a whole, but also in its top budgets. During the time when banks provided high interest rates on deposits from a potential audience of luxury home buyers, pent-up demand has accumulated, which we will fully see before the end of this year. According to our forecasts, in the second half of 2025, demand may grow by 20-25% compared to the first," he explained to Izvestia.

According to him, there is a potential for mortgage transactions to return to the luxury real estate market.

"Traditionally, buyers have had a certain share of mortgage transactions in the expensive real estate market in order to leave live money in their business, distributing investment budgets more evenly. However, according to the results of the first half of 2025, there was not a single significant mortgage transaction in the luxury housing market, whereas in 2023 the share of such transactions was 15%. Today, mortgage rates are about 24%, and we expect them to decrease to 20-22%, which is still considered a fairly high value, but will allow some buyers to use mortgages. Thus, by the end of the year we will start recording mortgage transactions on the market again," the expert noted.

In his opinion, as a result, a reduction in the key rate will lead to a revival of the luxury housing market.

"And at the same time, the luxury housing market will once again become a seller's market, not a buyer's. For those who planned to profitably purchase luxury housing, taking advantage of the situation of the last half of the year, there is not much time left. Starting in September, the installment conditions from developers that we have today will begin to deteriorate, demand will intensify and the most profitable offers will be washed away. All this will also affect the cost of apartments — prices for luxury square meters will gradually go up. During the second half of the year, the prices of real transactions may increase by another 10-15%," Khalin suggested.

Luxury replenishment: prices for luxury housing have increased by almost a third in a year

The sales volume in this segment increased 2.5 times.

Earlier, on July 26, the federal development company "People" told Izvestia that developers are one and a half times more likely in the second half of the year to sell apartments in installments in houses with a long deadline.

Prior to that, on July 24, Izvestia got acquainted with the data of the development company Dar, prepared on the basis of an analysis of search queries and price growth dynamics. It follows from them that Yakimanka, Khamovniki, Basmanny, Savelovsky and Sokolniki are among the five most popular areas of Moscow among home buyers.

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