Russian Housing Market: Prices Rise Faster in Ready-Made Housing
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Insights by Echo AI
Prices for ready-made housing in Russia are increasing at a faster pace than new constructions. The price per square meter in new buildings reached 192,8 thousand rubles, while in ready-made housing, it rose to 130,1 thousand rubles. Meanwhile, the median cost of an apartment in new buildings in major cities increased by 1.3% to ₽9.3 million, but prices decreased or remained stable in many cities. The Pushkin district in the Moscow region saw the most significant increase in new housing prices.
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