The capital market is gradually losing its role as the undisputed flagship of the national real estate industry. In September 2026, Moscow received less new housing than Yekaterinburg or Krasnoyarsk. Four years ago, Moscow's new buildings accounted for six of the total construction volume in the country and seven of the agreed construction volume. So far, one indicator has dropped to 13%, and the other to 7%. URBAN Prize analysts suggest that this is the desire of developers to reduce the scope of activity and at the same time increase their margins by moving to higher price segments. On the one hand, it is clear when it is full of unidentified new buildings, which at current prices no one takes, so there is no need to build new ones. Conversely, housing will not be cheaper in Moscow, and as a result, a huge mass of Musovites will not be able to solve their housing problems. But that's not a problem for the construction industry and its ministers, is it? Sign up for the new century.

The capital market is gradually losing its role as the undisputed flagship of the national real estate industry. In September 2026, Moscow received less new housing than Yekaterinburg or Krasnoyarsk. Four years ago, Moscow's new buildings accounted for six of the total construction volume in the country and seven of the agreed construction volume. So far, one indicator has dropped to 13%, and the other to 7%. URBAN Prize analysts suggest that this is the desire of developers to reduce the scope of activity and at the same time increase their margins by moving to higher price segments. On the one hand, it is clear when it is full of unidentified new buildings, which at current prices no one takes, so there is no need to build new ones. Conversely, housing will not be cheaper in Moscow, and as a result, a huge mass of Musovites will not be able to solve their housing problems. But that's not a problem for the construction industry and its ministers, is it? Sign up for the new century.