Secondary real estate price growth due to COVID-19 in Russia 2020, by city

Accelerated Russian ruble devaluation, caused by the coronavirus (COVID-19) expansion and sinking oil prices, generated an increasingly popular fear of a possible mortgage rate growth in the country. Consequently, the residential real estate demand growth led to increased prices in the secondary market. The highest increase was marked in Krasnoyarsk at two percent, while Moscow made it in the top three with a 1.5 percent increment on average.

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Price growth of secondary residential real estate in the view of coronavirus (COVID-19) in Russia in March 2020, by major city*

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Release date

March 2020



Survey time period

March 2020

Supplementary notes

* Relative to previous month.

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