The coronavirus (COVID-19) outbreak, which was aggravated by a drastic reduction in oil prices, led to a significant devaluation of the Russian ruble in March 2020. Consequently, in the view of a possible interest rate increase on mortgage loans, a notable demand growth on real estate was recorded countrywide. The estimated average demand increase in 2020 relative to 2019 was measured between 12 and 15 percent.
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Demand growth* on real estate in view of coronavirus (COVID-19) in Russia in March 2020, by type
* Relative to the equivalent period of the previous year.
** Average annual demand growth between 12-15% for 2020 relative to the previous year, considering an interest rate no greater than 10%.
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RBC.ru. (March 19, 2020). Demand growth* on real estate in view of coronavirus (COVID-19) in Russia in March 2020, by type [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1105591/russia-increase-real-estate-demand-due-to-covid-19/
RBC.ru. "Demand growth* on real estate in view of coronavirus (COVID-19) in Russia in March 2020, by type ." Chart. March 19, 2020. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1105591/russia-increase-real-estate-demand-due-to-covid-19/
RBC.ru. (2020). Demand growth* on real estate in view of coronavirus (COVID-19) in Russia in March 2020, by type . Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1105591/russia-increase-real-estate-demand-due-to-covid-19/
RBC.ru. "Demand Growth* on Real Estate in View of Coronavirus (Covid-19) in Russia in March 2020, by Type ." Statista, Statista Inc., 19 Mar 2020, https://www.statista.com/statistics/1105591/russia-increase-real-estate-demand-due-to-covid-19/
RBC.ru, Demand growth* on real estate in view of coronavirus (COVID-19) in Russia in March 2020, by type Statista, https://www.statista.com/statistics/1105591/russia-increase-real-estate-demand-due-to-covid-19/ (last visited July 22, 2024)
Demand growth* on real estate in view of coronavirus (COVID-19) in Russia in March 2020, by type [Graph], RBC.ru, March 19, 2020. [Online]. Available: https://www.statista.com/statistics/1105591/russia-increase-real-estate-demand-due-to-covid-19/
