Russia Real Estate Market

Customize Now
Russia Real Estate Market

Russia Real Estate Market by Property Size, (Small (<500 Sq. Ft.), Medium (500–2000 Sq. Ft.), Large (2000+ Sq. Ft.)), by Property Type, (Residential, Commercial, Land, Industrial), by Business Type,(Buying, Selling, and others), by Ownership, (Owner-occupied Properties, Rental Properties, Co-ownership), by Property Value,(Affordable Housing, Luxury Housing, Ultra-luxury Housing), by End User,(Individual Buyers, Business Entities,and others) – Opportunity Analysis and Industry Forecast, 2025–2030

Industry: Construction & Manufacturing | Publish Date: 08-Sep-2025 | No of Pages: 183 | No. of Tables: 144 | No. of Figures: 89 | Format: PDF | Report Code : CM1229

Market Definition

The Russia Real Estate Market size was valued at USD 216.4 million in 2023, and is predicted to reach USD 356.7 million by 2030, at a CAGR of 7.4% from 2024 to 2030.

The real estate industry constitutes a multifaceted market involving the acquisition, development, and management of residential and commercial properties. This expansive sector includes residential real estate, catering to individuals and families, as well as commercial and industrial real estate, focused on business operations and manufacturing. Real estate development involves the creation and enhancement of properties, while real estate investment encompasses acquiring properties for financial gain.

Additionally, a range of professional services, such as those provided by real estate agents and property managers, contributes to the industry's dynamics. Influenced by economic trends, demographic shifts, and regulatory factors, the real estate market is a complex landscape where various stakeholders engage in activities that shape urban environments, support economic growth, and provide investment opportunities.

Resilience of the Rental Segment Amid Housing Affordability Constraints

With state-supported low-interest mortgage programs winding down and market rates soaring—often above 20–30%—many potential buyers are being priced out of property purchase. This has created a surge in rental demand, driving rent increases across the country, particularly in major cities. In 2024, average apartment rents surged by over 31%, underscoring how cost-prohibitive ownership has intensified the shift toward renting as the default housing choice.

Shifting Investment Flow Toward Commercial And Logistics Assets 

High mortgage costs and waning affordability in residential segments are prompting investors to redirect capital toward more resilient sectors. In the first half of 2025, commercial real estate—including offices and logistics facilities—captured 78% of total real estate investment, up from 67% the previous year. This reflects investor preferences for asset classes offering stronger cash flow and lower sensitivity to residential credit risk.

 

 

Elimination Of Mortgage Subsidies Significantly Dampens Housing Demand 

In mid-2024, the government ended a widely used mortgage subsidy program that had offered 8% interest rates—substantially below market levels. Following its cancellation, mortgage issuance for new construction plummeted by approximately 66% in one month, while new-home sales fell around 26% year-on-year in the first half of 2025. These abrupt policy changes disrupted demand, led to slowed project launches, and destabilized the residential market.

Urban Renewal And Infrastructure Projects Offering Long-term Development Potential 

Ambitious urban transformation efforts—including the Moscow Urban Renewal Initiative—are paving the way for updated housing stock and revitalized urban landscapes. This program alone plans to replace over 5,000 obsolete buildings with modern high-rises and relocate 1.6 million residents. Such redevelopment, coupled with infrastructure enhancements, is generating new construction opportunities and reshaping urban living standards.

 

Competitive Landscape

The market players operating in Russia real estate market include PIK Group, LSR Group, Etalon Group PLC, Samolet Group, Pioneer Group, A101 Development, KORTROS (GC KORTROS), Setl Group, AFI Development, MR Group, DONSTROY, GloraX (Glorax Development), Capital Group, COALCO Development, KROST

Russia Real Estate Market Key Segments

By Property Size

  • Small (<500 Sq. Ft.)

  • Medium (500–2000 Sq. Ft.)

  • Large (2000+ Sq. Ft.)

By Property Type

  • Residential

    • Apartments/Flats

    • Single-Family Homes

    • Multi-Family Homes

    • Condominiums

    • Townhouses

    • Vacation Homes

  • Commercial

    • Office Spaces

    • Retail Spaces

    • Co-working Spaces

    • Warehouses

  • Land

    • Urban Plots

    • Suburban/Rural Plots

  • Industrial

    • Manufacturing Plants

    • Distribution Centers

    • Data Centers

By Business Type

  • Buying

  • Selling

  • Leasing

  • Renting

  • Real Estate Investment

    • Direct Property Investment

    • Real Estate Investment Trusts (REITs)

By Ownership

  • Owner-Occupied Properties

  • Rental Properties

  • Co-ownership 

By Property Value

  • Affordable Housing

  • Luxury Housing

  • Ultra-Luxury Housing

By End User

  • Individual Buyers

    • First-time Homebuyers

    • Repeat Buyers

    • Luxury Buyers

    • Seniors/Retirees

  • Business Entities

    • Startups

    • SMEs

    • Large Corporations

  • Government

    • Civic Projects

    • Affordable Housing Initiatives

  • Institutional Investors

Key Market Players

  • PIK Group

  • LSR Group

  • Etalon Group PLC

  • Samolet Group

  • Pioneer Group

  • A101 Development

  • KORTROS (GC KORTROS)

  • Setl Group

  • AFI Development

  • MR Group

  • DONSTROY

  • GloraX (Glorax Development)

  • Capital Group

  • COALCO Development

  • KROST

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 216.4 Million

Revenue Forecast in 2030

USD 356.7 Million

Growth Rate

CAGR of 7.4% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • Growing integration of online property platform drives the market growth in the region.

  • Increasing need of remote work over the region is propelling the market growth.

Companies Profiled

15

Market Share

Available for 10 companies

Customization Scope

Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

Russia Real Estate Market Revenue by 2030 (Billion USD) Russia Real Estate Market Segmentation Russia Real Estate Market Major Regions

Frequently Asked Questions

The key market players operating in the Russia real estate market are Pik Group, Glavstroy,LSR group, PJSC INGRAD, Etalon Group, SETL Group, Donstroy Invest JSC, Samolet Group, Just Prime Homes, VIP REALTY CLUB, AFI Development, A101 Development, CBRE, Smainex Asset Management LLC, and Knight Frank Russia.

According to the Next Move Strategy Consulting, the size of the Russia real estate market is estimated to be at USD 356.7 million in 2030.

Real estate agents help buyers and sellers navigate the market, negotiate deals, and handle paperwork. They provide expertise and guidance throughout the transaction.

Key challenges in the smart furniture industry are the government policies and environmental concerns.

According to the Next Move Strategy Consulting, the size of the Russia real estate market is estimated at USD 216.4 million in 2023.

About the Author

Sikha Haritwal is a researcher with more than 5 years of experience. She has been keeping a close eye on several industry verticals, including construction & manufacturing, personal care products, and consumer electronics. She has avid interest in writing news articles and hopes to use blog as a platform to share her knowledge with others.

About the Reviewer

Supradip Baul is the CEO and Founder of Next Move Strategy Consulting, driving the firm’s mission to provide data-driven insights and strategic intelligence. With extensive experience in market research and consulting, he has helped global organizations make informed decisions and achieve sustainable growth.

Download Free Sample

Please Enter Full Name

Please Enter Valid Email ID

Please enter Country Code and Phone No

Please enter message

This website uses cookies to ensure you get the best experience on our website. Learn more