Russia Investment MarketView, Q4 2021

04 feb. 2022

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  • Successful recovery of the Russian economy after the uncertainty it faced in 2020 (according to the preliminary estimates by the Bank of Russia and the Ministry of Economic Development, Russia’s GDP grew by 4.5% in 2021) had a positive effect on the Russian real estate investment market. In 2021, the total investment volume amounted to RUB 395 billion, which is an increase of 38% and 29% higher compared to the all-time high in 2017 and the 2020 total, respectively. The main driver behind the 2021 performance was investment growth in residential projects.
  • In 2022, we expect the total investment to be RUB 400 billion (roughly the same as in 2021), but there will be a re-targeting on commercial real estate and a reduction in investment in land plots for residential development.