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Housing in Russian Resorts Has Doubled in Price over the Year



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Residential real estate in Russia has been most expensive in tourist-attractive urban centers in the last year, but the profitability of real estate investments as a whole is declining due to the fact that the increase in rental prices has not kept pace with the increase in property prices, according to experts interviewed by RIA Real Estate.
According to Nadezhda Korkka, managing partner of the Metrium company, Tuapse has entered the top cities in Russia in terms of an increase of average prices per square meter for the year (132 thousand rubles per square meter, an increase since August 2020 – 120 percent ) ), Novorossiysk (135 …

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