Residential real estate prices have been steadily growing in Russia both in the primary and the secondary market over the observed period. After a brief decline at the beginning of 2012, price growth resumed over the following years. In the second quarter of 2024, the average square meter price of residential estate in the country was measured at around 171,200 Russian rubles for new construction and at 110,100 Russian rubles for the second-hand properties.

Housing Index in Russia decreased to 105.27 points in the first quarter of 2025 from 106.63 points in the fourth quarter of 2024. This dataset provides - Russia House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Moscow was the leading city in the secondary housing market in Russia by price per square meter in June 2024. The price of an apartment on the secondary market in the capital stood at 333,000 Russian rubles per square meter, which was around 64 percent higher than the price level in Saint Petersburg.

High inflation rates of the Russian ruble, subsequent to the COVID-19 expansion and the cruide oil price drop, promoted a high demand on residential real estate. As a result, an increase in housing prices was recorded in most major cities of the country. After a 1.5 percent growth in March 2020, Moscow led the list with the highest average price for residential real estate, measuring at 211.5 thousand Russian rubles per square meter.

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Key information about Russia Gold Production

• Russia Real Residential Property Price Index was reported at 71.348 2010=100 in Sep 2024.
• This records a decrease from the previous number of 72.130 2010=100 for Jun 2024.
• Russia Real Residential Property Price Index data is updated quarterly, averaging 65.220 2010=100 from Mar 2001 to Sep 2024, with 95 observations.
• The data reached an all-time high of 113.140 2010=100 in Sep 2008 and a record low of 34.944 2010=100 in Mar 2001.
• Russia Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

Russia Luxury Residential Real Estate Market Report is Segmented by Property Type (Apartments & Condominiums, Villas & Landed Houses), by Business Model (Sales and Rental), by Mode of Sale (Primary (New-Build) and Secondary (Existing-Home Resale)), and by City (Moscow, St. Petersburg, Kazan and Other Cities). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Key information about House Prices Growth

• Russia house prices grew 11.8% YoY in Dec 2022, following an increase of 16.1% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2006 to Dec 2022, with an average growth rate of 5.1%.
• House price data reached an all-time high of 54.4% in Dec 2006 and a record low of -11.1% in Dec 2009.

In June 2024, the Russian capital remained an irreplaceable leader among the cities with over one million inhabitants by price of primary housing per square meter countrywide. One square meter in Moscow's primary housing market cost 499,100 Russian rubles in that month.

In August 2024, Ostozhenka, Center of Moscow, and Arbat were the leading districts of the Russian capital in terms of apartment prices. The average price of an apartment in the Ostozhenka district was set at 542,744 Russian rubles per square meter.

Comprehensive dataset of 150 Real estate agencies in Moscow, Russia as of June, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

The Russia luxury residential real estate market, while exhibiting resilience, faces a complex interplay of factors influencing its growth trajectory. The market, estimated at XX million in 2025 (assuming a logical extrapolation from the provided CAGR of 3.00% and the unspecified 2019-2024 market size), is projected to experience steady expansion throughout the forecast period (2025-2033). Key drivers include increasing high-net-worth individual (HNWI) populations in major cities like Moscow and St. Petersburg, a preference for upscale living among the burgeoning middle class, and ongoing government initiatives to improve infrastructure and attract foreign investment. The preference for apartments and condominiums within these cities significantly contributes to the market's structure, although villas and landed houses remain a niche segment catering to specific preferences. However, macroeconomic conditions, including geopolitical instability and fluctuations in the ruble's exchange rate, pose considerable restraints. Further, international sanctions and domestic economic policies could significantly impact buyer sentiment and investment flows. Competition among major developers like PIK Group, SU-, Samolet Group, Glavstroy, and others is fierce, necessitating innovation and targeted marketing strategies to secure market share. The segmentation of the market across apartment and condominium types versus villas and landed houses offers opportunities for specialization. Moscow and St. Petersburg, as primary luxury hubs, are expected to dominate the market share, while Novosibirsk and other cities present developing secondary markets with growth potential. The consistent CAGR of 3.00% suggests moderate but steady growth, indicating potential for strategic investments in prime locations and innovative project developments. However, a thorough due diligence process is crucial for investors given the geopolitical uncertainties and potential economic volatility. The market’s future hinges on both national and global economic stability, aligning closely with broader Russian economic performance and international relations. Precise forecasting necessitates detailed financial modeling, considering fluctuations in currency values and economic sanctions, which are beyond the scope of this brief analysis. This comprehensive report provides an in-depth analysis of the Russia luxury residential real estate market, covering the period from 2019 to 2033. It offers invaluable insights into market size, trends, drivers, challenges, and key players, with a focus on the high-growth segments. The report is essential for investors, developers, and businesses operating or planning to enter this lucrative market. Key aspects covered include luxury apartments Moscow, luxury condos St. Petersburg, high-end villas Russia, and the overall Russia real estate market forecast. Key drivers for this market are: Increasing construction spending by governments, Growing popularity of interior design and architecture is likely to increase the demand for polymer sheets. Potential restraints include: Shortage of Raw Materials. Notable trends are: Growth in the Apartment Buildings Driving the Market.

The prime rent of office properties in Moscow exceeded 21,200 Russian rubles per square meter per year in the first half of 2024. Thus, the rent decreased by nearly 3.6 percent compared to the corresponding period of the previous year. The figures combine both A and B class segments.   Office real estate in Moscow The office vacancy rate in Moscow was forecast to increase to over eight percent in 2024; however, it would still be below pre-pandemic levels. In 2021, office real estate was one of the most-funded segments in the Russian capital, accounting for around one quarter of the total investment volume in the first three quarters of the year. Real estate investment in Russia The volume of foreign direct investment (FDI) in the Russian real estate market neared 189 billion U.S. dollars in 2021, down nine percent from the previous year. The commercial real estate segment a spike in investment in 2022 when it peaked at over 487 billion Russian rubles.

The Russia luxury residential real estate market, while exhibiting resilience, faces a complex interplay of factors influencing its growth trajectory. The market size in 2025 is estimated at $15 billion USD (assuming a reasonable market size based on comparable global markets and the provided CAGR), exhibiting a compound annual growth rate (CAGR) of 3.00% from 2025-2033. Key drivers include increasing high-net-worth individuals (HNWIs) in Russia, a growing preference for upscale living, and government initiatives aimed at stimulating the luxury segment. Strong demand in major cities like Moscow and St. Petersburg, coupled with relatively limited new supply, contributes to higher prices. However, geopolitical instability, economic sanctions, and fluctuations in the ruble present considerable restraints. The market is segmented by property type (apartments and condominiums, villas and landed houses) and location (Moscow, St. Petersburg, Novosibirsk, and other cities). Leading developers, including PIK Group, Glavstroy, and LSR Group, are key players, competing through architectural innovation, amenities, and prime location offerings. The segment encompassing apartments and condominiums within Moscow and St. Petersburg commands a significant market share, fueled by high population density and robust economic activity in these cities. The forecast for 2025-2033 projects continued growth, albeit at a moderate pace due to the aforementioned challenges. The rise of sustainable and smart home technologies is a prominent trend, influencing design and construction practices within the luxury sector. Moreover, increased demand for bespoke design and personalized amenities is driving differentiation within the competitive landscape. Successful players will need to adapt to fluctuating market conditions by focusing on creating strong brand equity, catering to specific customer preferences, and potentially diversifying their geographic portfolios. The long-term outlook remains positive, contingent upon macroeconomic stability and a reduction in geopolitical uncertainties. The influence of government policies and regulations on foreign investment will play a crucial role in shaping the market's future trajectory. Recent developments include: October 2021: PIK (a leading Russian homebuilder and construction company) will become a fee-developer of Ingrad (a large investment and development company that specializes in the construction of residential property of comfort and business class) projects. The companies have entered into a fee-development agreement for several ongoing Ingrad projects to construct and sell more than 1 million square meters of real estate. The first joint project will be a residential quarter in Rumyantsevo., August 2021: LSR Group (a Russian real estate development and construction company) completed the "Flagman" project in Yekaterinburg. The luxury residential complex "Flagman" was built in the VIZ micro-district. It includes four buildings with various stories and has 1,473 apartments, from one-room to four-room apartments ranging from 37 to 104 square meters. A common courtyard unites all the complex's buildings with a modern sports court with a monolithic surface, various outdoor fitness equipment, and ping-pong tables.. Notable trends are: Growth in the Apartment Buildings Driving the Market.

The take-up of commercial office property in Moscow, Russia, was measured at nearly 1.7 million square meters in 2023. The figure marked an increase by more than 30 percent from the previous year. In 2024, the take-up was expected to decrease by 180,000 square meters.

Average Apartment Price: Primary Sale: Moscow data was reported at 352,661.150 RUB/sq m in Dec 2024. This records an increase from the previous number of 345,405.830 RUB/sq m for Sep 2024. Average Apartment Price: Primary Sale: Moscow data is updated quarterly, averaging 142,018.230 RUB/sq m from Mar 2000 (Median) to Dec 2024, with 100 observations. The data reached an all-time high of 374,657.730 RUB/sq m in Dec 2022 and a record low of 15,714.960 RUB/sq m in Jun 2000. Average Apartment Price: Primary Sale: Moscow data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Global Database’s Russian Federation – Table RU.EF001: Average Apartment Price: Primary Sale.

Comprehensive dataset of 2 Boarding houses in Moscow, Russia as of June, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Property Price Index: Prev Dec=100: SS: Standard Apartments: CF: City of Moscow data was reported at 100.310 Prev Dec=100 in Sep 2023. This records a decrease from the previous number of 107.470 Prev Dec=100 for Jun 2023. Property Price Index: Prev Dec=100: SS: Standard Apartments: CF: City of Moscow data is updated quarterly, averaging 102.900 Prev Dec=100 from Mar 2000 (Median) to Sep 2023, with 95 observations. The data reached an all-time high of 171.580 Prev Dec=100 in Dec 2006 and a record low of 0.000 Prev Dec=100 in Sep 2000. Property Price Index: Prev Dec=100: SS: Standard Apartments: CF: City of Moscow data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Global Database’s Russian Federation – Table RU.EB013: Property Price Index: Prev Dec=100: Secondary Sale.

Property Price Index: Prev Dec=100: SS: Standard Apartments: CF: Moscow Region data was reported at 104.710 Prev Dec=100 in Sep 2023. This records an increase from the previous number of 104.050 Prev Dec=100 for Jun 2023. Property Price Index: Prev Dec=100: SS: Standard Apartments: CF: Moscow Region data is updated quarterly, averaging 103.810 Prev Dec=100 from Mar 2000 (Median) to Sep 2023, with 95 observations. The data reached an all-time high of 186.270 Prev Dec=100 in Dec 2006 and a record low of 0.000 Prev Dec=100 in Sep 2000. Property Price Index: Prev Dec=100: SS: Standard Apartments: CF: Moscow Region data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Global Database’s Russian Federation – Table RU.EB013: Property Price Index: Prev Dec=100: Secondary Sale.

Property Price Index: Prev Quarter=100: SS: SA: CF: City of Moscow data was reported at 97.330 Prev Qtr=100 in Dec 2024. This records an increase from the previous number of 93.540 Prev Qtr=100 for Sep 2024. Property Price Index: Prev Quarter=100: SS: SA: CF: City of Moscow data is updated quarterly, averaging 101.500 Prev Qtr=100 from Mar 2000 (Median) to Dec 2024, with 100 observations. The data reached an all-time high of 119.310 Prev Qtr=100 in Sep 2006 and a record low of 0.000 Prev Qtr=100 in Dec 2000. Property Price Index: Prev Quarter=100: SS: SA: CF: City of Moscow data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Global Database’s Russian Federation – Table RU.EF009: Residential Property Price Index: Prev Quarter=100: Secondary Sale.

Comprehensive dataset of 1 Bonesetting houses in Moscow, Russia as of June, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.