Residential real estate prices have been steadily growing in Russia both in the primary and the secondary market over the observed period. After a brief decline at the beginning of 2012, price growth resumed over the following years. By the second quarter of 2023, the average square meter price of new construction residential buildings in the country was measured at over 128.8 thousand Russian rubles and at nearly 92 thousand Russian rubles for the second-hand properties, respectively.
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