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