Russia bucks global trend in real estate ...News

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Russia bucks global trend in real estate
source : Russia Today ( News ) () 96
House prices across the globe have fallen by 2%, marking the first decline in 12 years Russian house prices grew by nearly 10% in the last quarter of 2022 compared to the same period last year, according to data from the Bank for International Settlements (BIS) released by Visual Capitalist. In real terms, taking inflation into account, property prices in Russia rose by 9.7%. It was the fourth-highest increase globally after Türkiye, Israel and Iceland, which saw prices rise by 51%, 11% and 9.9%, respectively. Globally, real estate prices dropped by 2% during the same period, marking the first decline in 12 years.

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