Russia House Price Index

Russia's house price index held steady at 105 points in Q1 and Q2 2025, showing no year-on-year change. Despite a 26% drop in housing sales in the first half of 2025 after subsidized mortgage programs ended and market rates rose, prices did not fall. Government housing subsidies and the central bank's tight monetary policy with rates near 18-21%, supported demand and prevented a collapse. Moderate inflation, easing to 8.8% by July 2025, also contributed to price stability. Russia's record low house price index was 95.23 points in Q2 2016 and record high was 123.33 points in Q1 2022.