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
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.
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.
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.
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.
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.
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
Small (<500 Sq. Ft.)
Medium (500–2000 Sq. Ft.)
Large (2000+ Sq. Ft.)
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
Buying
Selling
Leasing
Renting
Real Estate Investment
Direct Property Investment
Real Estate Investment Trusts (REITs)
Owner-Occupied Properties
Rental Properties
Co-ownership
Affordable Housing
Luxury Housing
Ultra-Luxury Housing
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
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 |
|
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. |