In 2023, the Russia Real Estate Market reached a value of USD 216.4 million, and it is projected to surge to USD 356.7 million by 2030.

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 ******* Russian rubles for new construction and at ******* Russian rubles for the second-hand properties.

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.

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.

The real estate transaction value in the 'Residential Real Estate Transactions' segment of the real estate market in Russia was forecast to continuously increase between 2024 and 2029 by in total *** billion U.S. dollars (+**** percent). After the ******** consecutive increasing year, the real estate transaction value is estimated to reach ***** billion U.S. dollars and therefore a new peak in 2029. Notably, the real estate transaction value of the 'Residential Real Estate Transactions' segment of the real estate market was continuously increasing over the past years.Find more key insights for the real estate transaction value in countries and regions like the real estate transaction value in the real estate market in Malaysia and the transaction value change in the 'Residential Real Estate Transactions' segment of the real estate market in the world. The Statista Market Insights cover a broad range of additional markets.

The number of tenants in Russian industrial parks has increased steadily since 2013, reaching roughly 5.2 thousand in 2023. Over the past year, 679 more enterprises entered industrial parks' premises and created approximately 245.8 thousand workplaces.

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.

Graph and download economic data for Residential Property Prices for Russian Federation (QRUN628BIS) from Q1 2001 to Q1 2025 about Russia, residential, HPI, housing, price index, indexes, and price.

House price growth slowed down in many countries worldwide in 2022 compared to the year before. Conversely, in Turkey, Vietnam, Russia, Sri Lanka, Georgia, and Mexico, house prices continued to grow. Adjusted for inflation, the annual house price increase in Turkey measured a staggering 63 percent. In the United States, on the other hand, price growth felt from 10.5 percent to 1.2 percent. In 2022, mortgage interest rates, increased overall in response to rising inflation and economic instability.

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.

Residential Property Prices in Russia increased 17.05 percent in March of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Russia Residential Property Prices.

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]

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, notably rising interest rates, spiralling inflation and muted economic growth. Revenue is projected to sink at a compound annual rate of 0.6% over the five years through 2025, including an estimated jump of 1.2% in 2025 to €207.6 billion, while the average industry profit margin is forecast to reach 35.1%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing over the two years through 2023. In residential markets, elevated mortgage rates combined with tightening credit conditions eventually ate into demand, inciting a drop in house prices. Rental markets performed well when house prices were elevated (2021-2023), being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent prices to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. However, this has started to turn around in 2025 as interest rates have been falling across Europe in the two years through 2025, reducing borrowing costs for buyers and boosting property transactions. This has helped revenue to rebound slightly in 2025 as estate agents earn commission from property transactions. Revenue is forecast to swell at a compound annual rate of 3.7% over the five years through 2030 to €249.5 billion. Housing prices are recovering in 2025 as fixed-rate mortgages begin to drop and economic uncertainty subsides, aiding revenue growth in the short term. Over the coming years, PropTech—technology-driven innovations designed to improve and streamline the real estate industry—will force estate agents to adapt, shaking up the traditional real estate sector. A notable application of PropTech is the use of AI and data analytics to predict a home’s future value and speed up the process of retrofitting properties to become more sustainable.

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.

The Direct Real Estate Activities industry have come up against numerous headwinds in recent years, ranging from the COVID-19 outbreak in 2020 to the high base rate environment in the years since, which has inflated borrowing costs for potential buyers. This is a sharp contrast to the ultra-low interest environment seen over the decade following the 2008 financial crisis. Still, revenue is forecast to edge upwards at a compound annual rate of 0.6% over the five years through 2025 to €622.9 billion, including an anticipated rise of 0.8% in 2025. Despite weak revenue growth, profitability remains strong, with the average industry profit margin standing at an estimated 18.9% in 2025. Central banks across Europe adopted aggressive monetary policy in the two years through 2023 in an effort to curb spiralling inflation. This ratcheted up borrowing costs and hit the real estate sector. In the residential property market, mortgage rates picked up and hit housing transaction levels. However, the level of mortgage rate hikes has varied across Europe, with the UK experiencing the largest rise, meaning the dent to UK real estate demand was more pronounced. Commercial real estate has also struggled due to inflationary pressures, supply chain disruptions and rising rates. Alongside this, the market’s stock of office space isn’t able to satisfy business demand, with companies placing a greater emphasis on high-quality space and environmental impact. Properties in many areas haven't been suitable due to their lack of green credentials. Nevertheless, things are looking up, as interest rates have been falling across Europe over the two years through 2025, reducing borrowing costs and boosting the number of property transactions, which is aiding revenue growth for estate agents. Revenue is slated to grow at a compound annual rate of 4.5% over the five years through 2030 to €777.6 billion. Economic conditions are set to improve in the short term, which will boost consumer and business confidence, ramping up the number of property transactions in both the residential and commercial real estate markets. However, estate agents may look to adjust their offerings to align with the data centre boom to soak up the demand from this market, while also adhering to sustainability commitments.

Significant reductions in investments in retail real estate were forecasted in Russia for 2019 and 2020 years. The investment share in office real estate was expected to stabilize at 47 percent of the total, while nearly one fourth of funds were projected to go for warehouse real estate in 2020.

Russia Luxury Residential Real Estate comes with extensive industry analysis of development components, patterns, flows, and sizes. The report calculates present and past market values to forecast potential market management during the forecast period between 2025 - 2033.

Context

The dataset consists of lists of unique objects of popular portals for the sale of real estate in Russia. More than 540 thousand objects. The dataset contains 540000 real estate objects in Russia.

  Content

The Russian real estate market has a relatively short history. In the Soviet era, all properties were state-owned; people only had the right to use them with apartments allocated based on one's place of work. As a result, options for moving were fairly limited.… See the full description on the dataset page: https://huggingface.co/datasets/daniilak/Russia_Real_Estate_2018_2021.

The rise in high-net-worth individuals (HNWIs) and long-term economic stability is driving up demand for luxury residential homes. Affluent individuals desire quality real estate as a status symbol and a safe investment. According to the analyst from Verified Market Research, the Russia luxury residential real estate market is estimated to reach a valuation of USD 14.80 Billion over the forecast, subjugating around USD 8.3 Billion valued in 2024.Buyers are increasingly seeking homes with innovative designs, cutting-edge technologies, and environmentally friendly construction. This trend increases the appeal of luxury properties. The high demand for centrally located properties in these cities fuels market growth. It enables the market to grow at a CAGR of 7.5% from 2026 to 2032.

In the first three months of 2023, total investment in Russian commercial real estate amounted to roughly *** billion Russian rubles. The 2022 investment was the highest over the observed period, having exceeded *** billion Russian rules. In 2014, investment levels in commercial property nearly halved compared to 2011.