Russia's price index in the primary housing market increased by 1 percent in 2017, rebounding from a 0.4 percent drop in 2016. It was the first yearly growth in house prices since 2014. Housing Index in Russia averaged 16.05 percent from 1998 until 2017, reaching an all time high of 56.90 percent in 1998 and a record low of -7.60 percent in 2009.
Housing Index in Russia is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia House Price Index is projected to trend around 3.00 percent in 2020, according to our econometric models.