Most of the action in the Russian real estate market is in the big cities, as interest rates fall.  The nationwide price index for resale apartments rose by 6.91% during the year to Q2 2019, an improvement from the previous year’s 1.55% growth, according to the Federal State Statistics Service (Rosstat). When adjusted for inflation, however, the price index for resale apartments increased by just 1.83% during the year. Quarter-on-quarter, resale prices rose by 0.48% in Q2 2019 (-0.41% inflation-adjusted). "Quoted from globalpropertyguide.com"