RESIDENTIAL REAL ESTATE IS GETTING CHEAPER IN RUSSIA

SRG consulting group announced a long-awaited decrease in residential real estate prices in June compared to May. A similar dynamics can be observed in the largest cities of the Russian Federation.

As reported by Rossiyskaya Gazeta, the maximum decline in real estate prices was recorded in Omsk - in just a month, the price fell by 3.65%. Earlier, the prices in the city increased by 21.8%.

The decline in property prices has been observed for the first time since 2020.

A slight drop in prices (just over 3%) for secondary real estate is also observed in Nizhny Novgorod - earlier, the real estate prices increased there by 21.34%.

Real estate objects are getting cheaper in Kazan (almost 3%), in Perm and Samara (almost 2.5% each). However, in Moscow and St. Petersburg, the cost of housing continues to grow, although not as significantly as before - by 0.05% and 0.24%.