In the first quarter of 2024, new buildings in the capital rose most noticeably in the Konkovo area. The sharp rise in prices is associated with a change in the supply structure
According to the results of the first quarter of 2024, the Konkovo district took the first place in the ranking of locations in Old Moscow in terms of price growth in new buildings for the year (excluding the elite segment). The average lot price here increased 3.23 times compared to the same period last year, to 22 million rubles, analysts at Metrium calculated for RBC-Real Estate.
The second position was taken by the Donskoy district with an annual growth of 2.28 times, up to 54 million rubles. The third place belongs to the Meshchansky district, where the average cost of the object increased 2.13 times, to 268.1 million rubles.
Sokolniki district took the fourth place (by 2.08 times, up to 24.1 million rubles), and Koptevo district closes the top five of the rating (+95.8%, up to 23.3 million rubles).
The average price of housing in new buildings in the capital in the first quarter of 2024 amounted to 25.1 million rubles. This is 9.4% more than in the first quarter of last year, according to Metrium.
Top 10 districts of Old Moscow by the growth of the average lot price per year
District District Average lot value in the first quarter of 2023, million rubles. The average value of the lot in the first quarter of 2024, million rubles. Dynamics of Konkovo Southern Administrative District 6.8 22 growth 3.23 times Donskoy Southern Administrative District 23.6 54 growth 2.28 times Meshchansky Central Administrative District 125.7 268.1 growth 2.13 times Sokolniki VAO 11.6 24.1 growth 2.08 times Koptevo SAO 11.9 23.3 +95.8% Tagansky Central Administrative District 96.2 181.4 +88.5% Tver Central Administrative District 222.2 393.6 +77.2% Khamovniki Central Administrative District 198 331.7 +67.5% Arbat CAO 175.7 283.6 +61.4% Sokolinaya Gora VAO 9.5 14.8 +55.9%
Data: “Metrium”
“Konkovo’s leadership and such a noticeable increase in the average cost of the lot for the year is explained by the fact that a year ago inexpensive micro—apartments were sold here, and now they are apartments in a business-class skyscraper. An expensive premium project has been launched in the Donskoy district, and in the Meshchansky district, mainly projects of the mass segment are being implemented,” says Ruslan Syrtsov, Managing director of Metrium.
According to the Est-a-Tet real estate agency, in the first quarter of 2024, the rating of the administrative districts of Old Moscow with the most noticeable price increase in the market of new buildings (excluding the elite segment) was headed by the Central JSC. The average price of 1 sq. m. According to the results of the first quarter, m in the Central Administrative District amounted to 898.1 thousand rubles, which is 12% more than in the fourth quarter of last year.
See also:
- The neural network has calculated the cities with the most expensive housing in March
- In Moscow, the share of high-rise buildings in new buildings exceeded 90 for the first time%
- Domclick estimated the growth in demand for private homes on family mortgages
Keep up to date with important news — follow the telegram channel “RBC-Real Estate”
Authors Tags
English 
Russian 
German 
Polish