Russian city enters global top three for expensive luxury housing

Russia’s largest

Sochi has experienced a property price boom since receiving billions of dollars in investment prior to the 2014 Olympics.

Russia’s largest resort city, Sochi, has been shortlisted among the world’s three cities with the most expensive luxury housing, leaving New York and London behind. That’s according to a report released on Friday by the consulting company NF Group, citing the Wealth Report 2023.

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