Russian housing market sees 7% annual increase in average transaction value

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By the end of the first quarter of 2026, the average home price in Russia reached 6.8 million rubles ($82,000), marking a 7% year-on-year increase, according to market experts cited by TASS.

In the capital regions (Moscow and St. Petersburg), the average price rose by 29% year-on-year to 10.6 million rubles ($128,000), while in other regions it increased by 3% to 4.9 million rubles ($59,000). The growth was driven by increased demand for mortgages amid a reduction in the key interest rate, making market programs more accessible. Increased activity was recorded in both the primary and secondary markets.