Russia enters global top ten for house price growth, with real estate values shooting up as elites bring money home from abroad

With properties changing

With properties changing hands for more and more cash, and a fast-growing real estate sector, Russia is now among the top ten nations for rising house prices, overtaking historic safe bets for investors such as the United Kingdom.

A study published by London-based property giant Knight Frank on Wednesday found that Russia’s house price growth had picked up pace in the first quarter of 2021, rising by 11% compared to the same time in the previous year.

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