Prices for primary market housing in Russia could fall by 10 to 15 percent in the autumn of 2026, according to mortgage broker and real estate expert Dmitry Rakuta. Speaking to the 360 television channel, Rakuta said the price drop is expected after changes to the state family mortgage program take effect.
Rakuta noted that prices for new construction will remain without major changes until the new conditions take effect. However, he warned that the reform could prompt a significant number of buyers to abandon planned purchases and cause developers to adjust prices starting in October, though he does not expect a global market crash.
The expert added that future costs for primary market apartments could also be influenced by additional parking requirements at new residential complexes, which may increase developer expenses.
Secondary market outlook
In contrast, Irina Radchenko, vice president of the International Academy of Mortgage and Real Estate, previously stated that ready to move in apartments in Russia could soon become more expensive. Radchenko attributed the potential price increase to a sharp rise in mortgage transactions across the country.
