Russian residential real estate 2020–2022 bubble
Appearance
As a reaction firstly on COVID-19 pandemic in 2020 and next on invasion on Ukraine, prices on residential real estate increased rapidly: comparing the last quarter of 2019 with the 2-th quarter of 2022 the average increase in the entire economy was 56.57%[1] while the inflation for the same period was 27.17%[2] which means increasing in 23.15% above inflation during 1.5 years.
References
- ^ "ЕМИСС". fedstat.ru. Retrieved 2022-11-09.
- ^ "Калькуляторы уровня инфляции". xn----ctbjnaatncev9av3a8f8b.xn--p1ai. Retrieved 2022-11-09.