Russian property bubble

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This article is about the housing bubble in Russia. For the general phenomenon of housing bubbles, see real estate bubble.

Of all the global house price bubbles, Russia has fared particularly well. There have been some increases in Moscow but relatively insignificant to increases witness in Australia, UK, Ireland and the USA.

1 History
2 Recent developments
3 Current situation
4 External links

[edit] History

The trends on the Russian housing market (Moscow and St.Petersburg) is heavily correlated on world oil prices. Prices vary between $380 and $2500 per square foot.

[edit] Recent developments

In year 2006 Moscow saw almost a twofold increase in property prices.

[edit] Current situation

As of 2006, several areas of the world are thought by some to be in a bubble state, although the subject is highly controversial; see:

Real estate bubble
- United States housing bubble
- Irish property bubble
- Japanese asset price bubble
- Spanish property bubble
- South Korean property bubble
- Luxembourg property bubble
- Chinese property bubble
- British property bubble
- Indian property bubble
- Russian property bubble

[edit] External links

Dynamics of property market in Moscow Historical price data
The global housing boom Interesting Economist article with a global perspective.
www.housepricecrash.co.uk includes discussion forum and statistics
Bust will follow boom - but when? Interview with Fred Harrison, author of "Boom, Bust: House Prices, Banking and the Depression of 2010"