Real estate demand increase due to COVID-19 in Russia 2020

The coronavirus (COVID-19) outbreak, which was aggravated by a drastic reduction in oil prices, led to a significant devaluation of the Russian ruble in March 2020. Consequently, in the view of a possible interest rate increase on mortgage loans, a notable demand growth on real estate was recorded countrywide. The estimated average demand increase in 2020 relative to 2019 was measured between 12 and 15 percent.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

Demand growth* on real estate in the view of coronavirus (COVID-19) in Russia in March 2020, by type

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Sources

Release date

March 2020

Region

Russia

Survey time period

March 2020

Supplementary notes

* Relative to the equvalent period of the previous year.
** Average annual demand growth between 12-15% for 2020 relative to the previous year, considering an interest rate no greater than 10%.

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Statistics on "Coronavirus (COVID-19) in Russia"

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