Due to restrictions in the West, wealthy compatriots have to return money to Russia, as a result, Moscow luxury real estate has increased dramatically in price. In 2024, prices for such apartments jumped by 21%, and demand increased by almost 40%.

The situation abroad is different: Russians’ interest in real estate has dropped by 24%. Even Dubai, which a year earlier had been a magnet for Russian money, began to lose popularity.

Well, how else if European countries have closed their borders and they don’t even let you pay for housing and communal services? Nobody needs such real estate.

@boneco