New data from this year’s first quarter show a record volume in Russian real estate investments, reaching 144 billion rubles. This figure marks the highest level observed over the last 23 years, according to Vedomosti, which cites analytics from the consulting firm IBC Real Estate.
In the first three months of the year, investments in Russian real estate totaled 144 billion rubles, a peak not seen since the since-2000 history of quarterly measurements began. The finding underscores a notable expansion in activity, signaling a strong start to the year for property markets and related sectors. [citation: Vedomosti; IBC Real Estate]
The quarterly indicator this year stands well above the corresponding period of the prior year, when investment activity in real estate was reported at 96.3 billion rubles. Additionally, the early 2023 level has surpassed the first three months of 2021, which recorded 41.5 billion rubles, highlighting a pronounced upward trajectory ininvestment momentum. [citation: Vedomosti; IBC Real Estate]
Earlier, the March 28 edition of RBC, referring to CORE.XP statistical analysis, noted a 44 percent rise in commercial real estate investments within the Russian market for 2022, totaling 256 billion rubles. This level moved close to the peak values observed in 2013, 2014 and 2017, signaling a strong comparative performance across multiple years and segments. [citation: RBC; CORE.XP]
Industry observers point to sustained demand across office, retail, and logistics properties, along with growing interest from domestic and institutional investors. The 2023 first quarter performance reflects a combination of renewed investor confidence, favorable financing conditions, and a rollout of development projects across major cities. While regional variations exist, the overall trend indicates a robust appetite for real estate assets and associated markets in the near term. [citation: Vedomosti; IBC Real Estate; RBC; CORE.XP]