The offer of apartments has decreased by a quarter in Moscow over the past year

The supply of apartments in the capital's apartment market has decreased by 25% over the year and now stands at 5.3 thousand such facilities, due to the moratorium imposed by the Moscow government on the construction of new apartments. This was reported to Izvestia on August 16 by analysts at AFI Development.

Projects started before the restrictions were imposed are being completed, and fewer and fewer lots remain in implementation. The decrease in supply is fueling interest in this segment. Among the key trends in the current state of the market, the following aspects can be distinguished: the demand for small spaces and rising prices due to the ban on the construction of studios with an area of less than 28 square meters. m.

Due to the limited supply, the average price of one "square" apartment has already increased by 20% over the year and amounts to 620 thousand rubles per 1 sq.m. As in residential real estate, apartments are divided into classes: comfort, business, elite. In comfort-class apartments, the cost is 1 sq. m. m starts from 200 thousand rubles, business — from 250 thousand rubles, premium — from 500 thousand rubles and elite class — from 1 million rubles.

In addition, the most affordable apartments are located in the VAO, SVAO and Southern Administrative District: the average lot price here is 13.2 million rubles, 15.1 million and 16.8 million, respectively. Against the background of the emerging shortage of prices per 1 sq. m. m in lots up to 28 sq. m. m will continue to grow.

"Apartments are one of the most sought—after formats for buying real estate, both in terms of investment and income generation, as well as accommodation. For this reason, as well as due to the limited supply, they are rapidly increasing in price, and there are fewer and fewer interesting lots on the market, especially among business class properties. For example, only 26 objects are offered in the Central Administrative District, and most of the lots in them have already been practically sold out. The leftovers are either illiquid or expensive lots," said Artem Karasev, Commercial Director of AFI Development.

Available space: the number of new comfort-class buildings decreased by a third

Developers are moving to higher housing classes

Andrey Serdyuk, a real estate market expert and author of the Telegram channel Realtor Academy, named the main payback factors for real estate in Moscow in an interview with Izvestia on March 29. According to him, the top 3 properties with the highest profitability and quick payback include studios and one-bedroom apartments in new buildings (up to 35 square meters), apartments in hotel complexes and apartments for daily rent (near the metro, near the TTK).

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