Russian homebuyers ditch new builds for safer completed apartments
Russian homebuyers are shifting towards completed apartments over new builds. The trend aims to cut risks and avoid long waits for construction to finish. At the same time, property prices have climbed sharply in the past year. The average cost of an apartment now sits at around 11 million rubles, an 8% rise from last year. Per square metre, prices have jumped 9.8%, reaching 214,500 rubles. These increases come as buyers seek stability in a volatile market.
A significant portion of available housing—17.5%—consists of finished but unsold units. Another 38.2% of listings are in projects due for completion in 2027, while 12.45% won't be ready until 2028. Many purchasers now prefer move-in-ready homes to avoid delays and potential construction issues.
Quality and reliability are top concerns. Eighty-one per cent of buyers check a developer's reputation before committing. Completed apartments also let buyers lock in prices and access preferential mortgage rates, adding to their appeal. The demand for ready-made housing reflects a broader push for security in property purchases. With prices rising and construction timelines uncertain, buyers are choosing finished units to avoid financial and logistical risks. The shift highlights how market conditions are reshaping buyer priorities.
