New apartment prices in Chita surpass 8.3 million rubles on average
In the real estate market of Russia, residential property prices have been on an upward trajectory, with significant differences between cities. According to the latest data from the second quarter of 2025, the average price per square meter for new construction and second-hand properties nationwide stands at approximately 171,200 rubles and 110,100 rubles, respectively [2].
Moscow, Russia's capital city, has witnessed a notable increase in the primary housing market. The average price per square meter has risen nearly 10% in the first half of 2025, reaching approximately 356,170 rubles [1]. This increase is primarily due to a 29% decrease in the volume of supply and a shift in demand towards larger apartments (three-room and multi-room) and studios [1].
St. Petersburg, another major city, has seen growth in its luxury residential market, with the segment reaching approximately USD 13.85 billion in 2025, expected to grow at a CAGR of about 8.1% through 2030. Moscow dominates luxury home sales with a 46% market share [3].
In contrast, cities like Chita, located in Eastern Siberia, tend to have lower apartment prices due to less demand and economic activity compared to Moscow or St. Petersburg. While detailed current prices for Chita are not available, it is estimated that prices have been growing moderately or remaining stable over the past year, with apartment prices in new buildings increasing by 1.3% in the second quarter of 2025, and the average price of an apartment in new buildings now at 8.3 million rubles [4].
Across major cities, prices have generally increased by roughly 3–11% over the past six to twelve months, driven by factors such as lower inventory in primary markets and inflation impacting construction [1][2]. Notable exceptions include Ryazan (-4%), Volgograd (-2.9%), and Murmansk (-4%), which have seen price decreases [5].
The research was conducted by the federal portal "Mirov Kvartir," which found that apartment prices increased in 48 cities, decreased in 21, and remained unchanged in one during the second quarter of 2025. The city with the largest price increase was Nizhny Tagil (+15.2%), while Kursk experienced a 6.5% increase [5].
In conclusion, apartment prices in major Russian cities like Moscow and St. Petersburg have been rising steadily, driven by limited supply and evolving buyer preferences, with Moscow seeing near 10% growth in price per square meter in early 2025. In comparison, cities like Chita maintain lower price levels with likely more modest changes over the past year, reflecting regional economic differences and less market pressure [1][2][3][5].
References: [1] https://www.sothebysrealty.com/eng/news/russian-real-estate-market-update-q2-2025 [2] https://www.statista.com/statistics/1095938/average-square-meter-price-of-residential-properties-in-russia/ [3] https://www.propertyguru.com/en/resources/russian-luxury-property-market-to-grow-by-8-1-by-2030 [4] https://www.chitainsider.ru/realty/article/1132566/ [5] https://mirov-kvartir.ru/news/139954/
Investing in real estate, particularly in the housing market of Moscow, has shown substantial growth, with an increase of nearly 10% in the first half of 2025, making it an attractive destination for financing [1]. Meanwhile, the luxury residential market in St. Petersburg is estimated to grow at an 8.1% CAGR through 2030, potentially offering significant returns for prospective investors [3].
