Moscow Apartment Sales: 44% Discounts Amid Weak Demand
The share of discounted apartments in Moscow's new building market has risen to 44%, up 8% from last year, due to weak demand. This is driven by high mortgage rates, reduced purchasing power, and expensive housing. Developers are responding with discounts, installment plans, and subsidized credit programs. Meanwhile, the overall share of unsold apartments in Russia has reached 45%.10 sourcesSee all sources