Housing Price Comparison: Skyscrapers and Low-Rise Apartments in Moscow

14.04.2021
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Housing Price Comparison: Skyscrapers and Low-Rise Apartments in Moscow

According to an analytical assessment by Capital Group specialists, residential space in skyscrapers costs, on average, 10-11% more than similar housing in low-rise buildings. This difference is primarily due to the specific technologies and construction costs. Higher costs for materials, equipment, and utilities are factored into the price per square meter.

Price increases of up to 11% are primarily observed for buildings higher than 32 stories, primarily in the luxury real estate segment. The average price of a skyscraper apartment is approximately 90 million rubles, while for luxury apartments it can reach 110 million, which is 12-15% higher than similar apartments in lower-rise buildings (up to 30 stories). The highest prices are found in the Moscow International Business Center "Moscow City."

For business-class apartments, the price difference is somewhat lower: one square meter in a skyscraper costs approximately 300,000 rubles, which is 6% higher than in low-rise buildings. Research has shown that consumers prefer housing in high-rise complexes, regardless of budget, even at the expense of space. The average size of the most popular apartments in skyscrapers is 60-65 square meters, while in low-rise residential complexes, it is 80 square meters or more. This trend is characteristic not only of Moscow but also of other megacities with steadily growing populations.


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