The Bank of Russia will act to cool the country’s booming mortgage market, since it is worried about possible housing bubble, bne Intellinews reports.
The regulator issued a warning to banks saying that the growing number of loans could be causing real estate prices to rise, which causes a feedback loop...
House prices in Russia rose by 3.63% during 2019 to the third quarter of the year, a sharp improvement from last year’s 0.18% increase and the highest growth since Q4 2012, Global Property Guide reports.
During the latest quarter, nationwide house prices increased 1.69%. Moscow’s prices were up by 5.49%...
Cranes hover above the gleaming Neva River at St. Petersburg's historic Baltic Shipyard, where hundreds of workers are constructing four nuclear-powered icebreakers.
The massive warships, which are emblazoned with the Russian flag and named after the country's northern regions, are designed to maintain Moscow's control over the melting Arctic.
Russia has...
