Experts spoke about a possible increase in housing prices by 2027

Housing prices in Moscow may rise by 15-20% by 2027 amid a decrease in the number of new projects. This was reported to Izvestia on August 6 by Plus Development.

"Today, the high key rate of the Central Bank limits demand and makes developers cautious with new projects. After the abolition of mass preferential mortgages in 2024, sales of new buildings fell by an average of 30-40%. In the comfort class, developers are actively reducing volumes to avoid overstocking. In the TiNAO, where family mortgages are especially popular, the situation is similar: despite the growing demand, there are fewer new starts," they said.

In 2025, the average cost of 1 sq. m. m in new buildings in Moscow is growing within the limits of inflation — more than 300 thousand rubles per 1 sq. m. And with a decrease in supply by 2027, the increase in price will become even more noticeable. In the TiNAO, where prices are still 20-30% lower than in the "old" Moscow, the situation is similar.

"Right now, the main challenge for buyers is not only high market rates, but also the lack of time to save up, choose options, and decide. The average construction period for the MCC is 2-2.5 years, and what is not being launched now will not be built by 2027. It is important for families who are currently saving up to choose the right tactics, depending on their plans and capabilities," the company added.

Beyond the difference: can the new idea of a family mortgage change the housing market

Rates are proposed to be lowered to support families and keep people in small towns.

They advised that if a family is saving up for a down payment on a family mortgage, then you should focus on the minimum amount, since there is no point in saving more than 30%: the initial payment practically does not affect the final rate, but you can lose valuable time.

"It is better to rent an apartment in 2025-2026, while there is still a choice of spacious lots. By the way, a large PV does not particularly affect the probability of loan approval, the overall financial burden on the family is more important. If servicing various loans consumes 80% of family income, a mortgage is unlikely to be granted. If you prefer installments, look for projects in the early stages. Apartments at the excavation stage are 10-15% cheaper than in finished houses. In addition, developers offer substantial discounts with one hundred percent payment or installments. This is beneficial for those who have accumulated a significant amount," the experts added.

If you need a Moscow residence permit, you should consider TiNAO as a priority. There is a chance to find spacious accommodation at more affordable prices than in the "old" city.

"If you plan to accumulate money on a deposit, carefully check the dynamics of interest rates and rising real estate prices. When the Central Bank reduces the key rate, deposit yields fall accordingly. If inflation eats up the income from the deposit, and the rise in real estate prices accelerates, it may be more profitable to invest in liquid housing rather than saving further. So, in early August 2025, banks reduced rates on savings accounts to an average of 14%, and on deposits to 15-16%," the experts noted.

Former in increase: demand for secondary increased after a decrease in key

The cost of housing may rise by 5-10% due to the activity of buyers

If demand for new buildings recovers (for example, with a reduction in the key rate to 12% by 2027), the supply shortage will become very noticeable. Prices may eventually rise by 15-20% due to a lack of high-quality projects. Most likely, by that time, spacious lots in the comfort class segment will be the rarest. These will be apartments with an area of 70-90 sq. m. m with 3-4 rooms, designed for families with two or more children.

"As early as 2025, developers are reducing the share of multi-room apartments due to their lower liquidity compared to compact lots. There are projects where the share of three-bedroom apartments does not exceed 10-15%. Apartments with flexible layouts of 50-70 square meters, located in residential complexes with family infrastructure, are also under attack. Flexible layouts themselves require complex design. And they are in high demand: people with children appreciate the opportunity to quickly adapt a small apartment to their needs," the company explained.

On July 29, analysts at Metrium recorded a record decrease in the share of mortgage transactions in the primary market of "old" Moscow in the first half of 2025. This is the lowest result since the first half of 2019, when the indicator dropped to 47%. At the same time, the share of mortgage transactions in the premium class sank to a minimum in the history of the market - 16%.

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