The business cycle

Russia: House prices

By May 11, 2018 May 16th, 2018 No Comments

The recent round of sanctions on Russia did not change our overall assessment and in our view do not preclude a modest, but improving, rise in average house prices. Russian families will benefit from declining debt-servicing costs, especially in eastern and southern regions, providing additional growth to the mortgage market, which still has one of world’s lowest ratios to GDP in Russia.