Nizhny Novgorod housing prices rise faster than Moscow's
Agency experts reviewed annual housing price trends across Russian cities.
Secondary housing prices have risen over the past year in every major Russian city. The most significant growth was recorded in Nizhny Novgorod and Perm, analysts from the federal agency Etazhi told RBC Real Estate.
In 2025, the average price per square meter on Nizhny Novgorod«s secondary housing market grew by 10.7%, reaching 172.6 thousand rubles (about $2,300 at current rates). Only Perm saw a higher increase at 13.7%, with a square meter now costing 123.6 thousand rubles (about $1,600).
For comparison, the figures were 8.9% and 132.7 thousand rubles (about $1,800) in Ufa; 8.1% and 137.4 thousand rubles (about $1,800) in Yekaterinburg; 8% and 367.8 thousand rubles (about $4,900) in Moscow; 7.9% and 103.7 thousand rubles (about $1,400) in Volgograd; and 6.9% and 109.9 thousand rubles (about $1,500) in Voronezh.
The already difficult real estate market situation in Nizhny Novgorod Region may worsen further in 2026. Experts forecast a drop in purchasing power and rising rental rates, which will complicate life for the region«s residents. Read about why no price drop is expected and how changes to preferential lending might affect demand in an article by NN.RU.
