The Moscow new-building market has returned to pandemic-era sales levels

The market for new buildings in the capital has returned to the times of the coronavirus pandemic. Sales volume in the segment fell to Covid levels, the press service of the real estate monitoring and analytics system bnMAP.pro told RIA Novosti.

According to platform statistics, in August sales figures on the primary market approached the minimum of recent years. Thus, last month 174.4 thousand square meters of living space were sold in Moscow. A lower figure was recorded only in May 2020, when the coronavirus pandemic broke out, analysts are sounding the alarm. Moreover, if since July 2026 sales volumes in physical terms have decreased by 21.4 percent, then since August 2025 the figures have fallen by 45.2 percent.

In September, sales may begin to grow again, the founder of the platform, Irina Dobrokhotova, hopes, since July and August traditionally show low demand due to seasonality and holidays. At the beginning of autumn, on the contrary, pent-up demand may come into play. In addition, from October 1, the conditions for family mortgages may be tightened, which will force those considering a purchase to speed up their decision. At the same time, one should not expect a significant jump in sales, the expert notes, since the Central Bank left the key rate unchanged, and under the family program, no more than one loan per family can be issued.