Prices for Russian real estate go from one extreme to another. First of all, as opposed to other countries, the most expensive Russian real estate in the city is usually in downtown. Having a house or an apartment in the center of a big city is prestigious and consequently such accommodation is usually the most costly one. However, cities differ too. Housing prices in large Russian cities are much higher than in smaller cities. A good University which draws students from various parts of the country can also be a price booster for its city. The city which has the most expensive housing in Russia is its capital. Actually, Moscow takes the 3rd place among the cities that have the most expensive real estate in the world. Prices for accommodation in Moscow suburbs are lower than in the center, but still much higher than in the rest of the country.

       Here is just a simple comparison of prices in Moscow and two other Russian cities as of today:

       Real Estate in Moscow (center): new one-room apartment is approximately $1,400,000.00.
       Real Estate in Moscow (suburbs): new one-room apartment is approximately $600,000.00.
       Real Estate in Samara (center): new one-room apartment is approximately $75,000.00.
       Real Estate in Kazan (center): new one-room apartment is approximately $60,000.00.

       People in Russia prefer investing their money in real estate because no matter what the economical situation is in the country, it proved to be relatively strong: prices for housing always grow. Russian real estate experienced a great construction boom in 2007. And even thought the financial crisis did slow down the construction boom in the second half of 2008 and caused a sudden drop of prices for Russian real estate, now the situation is back to normal again: the prices for real estate are growing and they continue erecting big modern buildings in Russian cities.