Russia’s Secondary Housing Prices: Month-by-Month Shifts and Regional Leaders
From January through June, the average price per square meter of secondary housing in Russia rose by 3.2 percent overall. In June alone, the increase stood at 0.5 percent. The data comes from Izvestia, citing the federal real estate firm Etazhi as the source of the analysis.
Analysts from Etazhi highlighted that Nizhny Novgorod led among Russia’s million-plus cities for growth in the cost of a single square meter of secondary housing during June, with a 1 percent rise. Rostov-on-Don, Chelyabinsk, and Omsk followed closely, each recording a 0.7 percent uptick. The list of top performers also included Volgograd and Samara, where the price of one square meter increased by 0.6 percent. Moscow, St. Petersburg, and Kazan occupied the next tier with a 0.5 percent rise.
Other notable increases occurred in Ufa with a 0.3 percent gain, while Krasnodar and Yekaterinburg posted 0.2 percent growth. Krasnoyarsk and Novosibirsk each registered a 0.1 percent rise, placing them within the upper tier of the regional rankings for June.
On the downside, the pace of price growth slowed in Perm and Voronezh, where secondary housing values declined modestly. In these markets, the average price per square meter slipped by 0.4 percent and 0.1 percent respectively, according to the analysts from Etazhi.
Looking at the broader picture for July, CIAN.Analytics reported that the average cost of secondary real estate across Russia’s 18 largest regional markets rose by 0.7 percent month over month, reaching 127,300 rubles for one square meter. This survey encompassed Russia’s major economic centers, including Moscow and the Leningrad region, and reflects what buyers are paying in the country’s key urban hubs.
Earlier analyses noted a notable shift in the market as investors and buyers began to adjust to new supply conditions. Reports indicated a growing trend of bulk apartment sales in newly built projects, a development watched by market observers as it could influence future price dynamics and housing availability across major cities.
Taken together, the data illustrate a nuanced landscape in Russia’s secondary housing segment. While some cities posted healthy gains in June, others saw modest slowdowns or declines. The overall trajectory suggests continued price sensitivity to local demand factors, construction activity, and regional economic conditions. As the market evolves, buyers and sellers in Canada, the United States, and other markets outside Russia may find parallels in how urban affordability, inventory levels, and investment activity shape real estate values over short horizons. Market participants are advised to monitor regional shifts along with broader economic indicators to anticipate potential movements in comparable markets.