Affordable Housing Scarcity in Novosibirsk Driven by KRT Program

The availability of affordable apartments is decreasing, while the share of business-class housing is growing.

Feb 28, 2026

Building affordable housing has become riskier due to rising land and material costs, which squeeze profit margins.
Source:
Alexander Oshchepkov / NGS.RU

The share of new economy-class projects in Russia«s real estate market has dropped to 22% — the lowest level in the structure, according to a Central Bank report. At the same time, the share of properties in more expensive segments (business class and comfort) has increased by 17%. The situation has been influenced by both mortgage rates and the Comprehensive Development of Territories (KRT) program, through which authorities aim to combat spot development while also shifting some social obligations to developers.

To learn what is happening to an entire class of real estate that was once accessible to people with average incomes, read the cards in the Telegram channel.

In the future, experts expect increased competition between the secondary and primary markets after loan rates decrease. Moreover, in some projects, housing prices may fall, but chasing after cheapness is not advisable.