OREANDA-NEWS The volume of investments in real estate in Russian regions has tripled the annual figure of a record 2022, IBC Real Estate calculated.

"The total volume of investments in Russian real estate from the beginning of 2023 to mid-December amounted to 820 billion rubles. A fifth of the investments were in facilities located in the regions, not including St. Petersburg" the consulting company says.

More than half of the transactions were in foreign assets - the share of such transactions was 53%.

More than half of the transactions in 2023 were in 5 Russian cities. Karachay-Cherkessia became the leaders in terms of investments - 17% in the volume of investments among the regions, Yekaterinburg - 11%, Nizhny Novgorod and Novosibirsk - 9% each, Kazan - 7%.

The retail real estate segment was particularly popular with investors in 2023, which became the leader in the structure of investments - 68%. In addition to transactions involving the sale of assets by foreign owners in Russia, high activity was also observed among Russian players.