A significant reduction in interest rates in Russia over the second half on 2020, contributed to the mortgage volume growth in the country. Consequently, an increased demand was reflected on housing prices as well. That is, in August 2022 prices of the primary residential real estate in major Russian cities were recorded higher compared to the the prices in August of 2020, with the capital remaining as an irreplaceable leader with the highest prices per square meter countrywide.
Average prices in the primary housing market of major Russian cities in August 2020 and August 2022 (in 1,000 Russian rubles per square meter)
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RBC.ru. (August 26, 2022). Average prices in the primary housing market of major Russian cities in August 2020 and August 2022 (in 1,000 Russian rubles per square meter) [Graph]. In Statista. Retrieved June 10, 2024, from https://www.statista.com/statistics/1053741/russia-housing-prices-in-major-cities/
RBC.ru. "Average prices in the primary housing market of major Russian cities in August 2020 and August 2022 (in 1,000 Russian rubles per square meter)." Chart. August 26, 2022. Statista. Accessed June 10, 2024. https://www.statista.com/statistics/1053741/russia-housing-prices-in-major-cities/
RBC.ru. (2022). Average prices in the primary housing market of major Russian cities in August 2020 and August 2022 (in 1,000 Russian rubles per square meter). Statista. Statista Inc.. Accessed: June 10, 2024. https://www.statista.com/statistics/1053741/russia-housing-prices-in-major-cities/
RBC.ru. "Average Prices in The Primary Housing Market of Major Russian Cities in August 2020 and August 2022 (in 1,000 Russian Rubles per Square Meter)." Statista, Statista Inc., 26 Aug 2022, https://www.statista.com/statistics/1053741/russia-housing-prices-in-major-cities/
RBC.ru, Average prices in the primary housing market of major Russian cities in August 2020 and August 2022 (in 1,000 Russian rubles per square meter) Statista, https://www.statista.com/statistics/1053741/russia-housing-prices-in-major-cities/ (last visited June 10, 2024)
Average prices in the primary housing market of major Russian cities in August 2020 and August 2022 (in 1,000 Russian rubles per square meter) [Graph], RBC.ru, August 26, 2022. [Online]. Available: https://www.statista.com/statistics/1053741/russia-housing-prices-in-major-cities/