Housing in Russia is set for a major price surge: experts have named the timing and reasons.
Two speeds of the same market
Analysts predict that price growth in the primary and secondary markets will be uneven. New-builds will become more expensive gradually, while the resale market could see a sharp jump as early as 2026. According to Alexey Popov, head of Cian.Analytics, housing prices on the resale market could rise by 10–12% during that period, the Kurs Dela portal reports.
Why will prices go up?
The key driver of the upcoming changes is the expected easing of the Central Bank's monetary policy.
“A reduction of the key rate to relatively comfortable levels will allow lending at market rates to start. This will boost Russians' demand for resale housing by 15% compared with 2025,” Alexey Popov explained.
The new-build market is unfolding under a different scenario. Against the backdrop of high rates and falling demand, developers have already reduced the volume of housing completions. Deputy Minister of Construction and Housing and Utilities Nikita Stasishin said that over the nine months of 2025 construction of apartment buildings fell by 22.5%. As a result, when demand recovers, buyers will face a shortage of supply, which will inevitably push prices up.
What could stop the rise?
Experts see two factors that could have a restraining effect:
An increase in the family mortgage rate. A planned revision of the program from the current 6% to 12% would make it less accessible for millions of families.
A slow decline in the key rate. Analysts believe the rate may fall below 10% only by 2028. RSPP head Alexander Shokhin confirms: “Ideally — a rate below 10%.”
Forecasts indicate that housing in Russia is unlikely to become more affordable in the foreseeable future.
Potential buyers will likely have to make a difficult choice between overpaying in major cities and searching for more budget-friendly options on the resale market in the regions.
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Housing in Russia is set for a major price surge: experts have named the timing and reasons.
The Russian real estate market is on the verge of a significant price rise. According to a recent study by the Analytical Credit Rating Agency (ACRA), prepared for DOM.RF, the average price per square meter in new developments nationwide could increase by almost 52% and approach 280,000 rubles by 2030. We examine what is driving the market and whether there is any chance to save on a purchase.