Since 1992 the Moscow real estate prices were major changes. For example at the end of 1992 the average price of an apartment in Moscow featuring three quarters was nondenominational 5-6 million rubles. (Not to be confused with Bryant Estate!). Then the course of the U.S. dollar ranged from 400-450 rubles. So the price of the apartment I just wrote was $ 10-15 billion. In June 1993 a Moscow apartment including only one quarter cost about 13 million rubles equivalent to $ 12,000.

In 1997 an apartment that included three quarters cost about $ 100,000, if memory serves me correctly. In August 1998 Russia’s economy suffered a banking crisis. At the outbreak of the Russian ruble this year which had been around 6000 rubles nondenominational was loosely followed since August 17, 1998. The time course of the ruble over the U.S. dollar fell every day.

If memory serves me on 17 August 1998, the course of the dollar with respect to Russian ruble was 7500 rubles per dollar. On 14 September 1998 a dollar cost about 22 rubles. In a few days during the ruble was stable and stayed around 16 to 17 rubles / $. Of course at that time the prices of both imported products to Russia as that produced in Russia were 2-3 times higher. As for the Moscow real estate at the outbreak of the crisis showed the fall in prices. For example, the average value of an apartment, including three quarters was $ 50,000. There is no doubt that the fall in property prices has been caused by the fall of the demands of this. In 2004 an apartment including 3 / 4 cost $ 100-250 billion dependency on location in Moscow and type of building, which was placed. For example, who were at the center of Moscow and had been built in the years 1930-1950 were the most expensive of all. Currently an apartment that has three quarters worth about 250-500 thousand U.S. dollars. For example if I sold my apartment comprises a living room, bedroom, office a little room, a kitchen, two bathrooms and a balcony would win at least 350 000 $. In total a surface area of 75 square meters. It is located near Avenue Michurin, ie one of the prestigious districts of Moscow. The rental prices immobilization.Loss both in the field of sales and the rental are still rising. As I’ve rented my apartment from my experience I know that in 2000 tenants paid me $ 600 a month. In a few years, ie in 2005 the rent the same apartment cost $ 700 a month. Currently the rental of my apartment tenants would charge me at least $ 1,500 a month. Incidentally an apartment that has a single room and is situated in the suburbs of Moscow cuesta700 $ per month. Finally it should be noted that real estate prices in Moscow are considered as one of the highest in Europe.