St. Petersburg (Russia) Real Estate Market | Should you invest in St. Petersburg?

XFORT - DIGITAL REAL ESTATE

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Most of the action in the Russian real estate market is in the big cities, as interest rates fall. The nationwide price index for resale apartments rose by 6.91% during the year to Q2 2019, an improvement from the previous year’s 1.55% growth. However, St. Petersburg, resale apartment prices surged by 14.6% y-o-y to Q2 2019, a sharp improvement from the prior year’s 2.22% growth. Inflation-adjusted prices rose by 9.16%.

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