[yurish]

Several reasons. It started during COVID times when it was not clear if we are facing new economic crisis. So wealthy people used real estate to protect their savings. Then the government decided to support construction companies by subsidising mortgage for young families and as a result stimulating demand. And now again uncertainty of current situation stimulate people invest their savings in something safe. On the other hand sellers were afraid that ruble will fail significantly and raised prices so high that sells almost stopped. Right now prices to real estate are going down a bit.

[slaw]

Thank you for answer. The same situation is in all economies where government prints money and people are afraid currency will lose value so it it better to keep wealth in real estate.