An overview of the elite secondary real estate market in Moscow

• By the end of June 2024, 730 lots for a total of 132.4 thousand square meters were exhibited on the secondary market of high-budget real estate in Moscow.;

• The average area of the exhibited lot was 181.4 square meters, which is -1% less than in the same period of 2023;

• The largest share of the supply is concentrated in the area range of 100-125 sq. m (17%);

• The share of lots in the offer that are exhibited with a finishing finish has increased to 72%, and for lots with a pre-finishing finish (white box) it amounted to 5%;

• The main volume of secondary supply in square meters is represented in Khamovniki – 29%, followed by Presnensky district – 17% and Ramenki – 14%;

• The weighted average price on the secondary market at the end of June 2024 amounted to 1,295 thousand rubles/sq. m (+6% per year);

• The maximum weighted average unit prices of offers in the Yakimanka area are 1,687 thousand rubles per square meter (+15% per year) and in the Khamovniki area – 1,696 thousand rubles per square meter (+9% per year);

• The average period of exposure of the lot in the secondary elite market of Moscow was 3.1 years (+15% by June 2023);

• According to Rosreestr, in the 2nd quarter of 2024, 35.8 thousand transfers of ownership rights were registered in the secondary housing market in Moscow (all classes), which is -20% less than it was a year earlier;

• According to the Kalinka ecosystem, demand in the secondary market of high-budget real estate in the 1st half of 2024 showed a decrease of 24% compared to the same period last year;

• The main share of transactions fell on lots with an area of 125-150 sq. m (+3% per year) and 100-125 sq. m (-3% per year);

• The average value of the lot in demand in the 1st half of 2024 amounted to 145.4 million rubles, which is +13% higher than in the 1st half of 2023;

• In the 1st half of 2024, the largest volume of demand in the quarter demand for secondary luxury housing was recorded in the Khamovniki district, the share of which was 23% (+7 percentage points by the 1st half of 2023).