Real Estate in Russia
Last updated on Oct 15, 2023
Summary: An expat looking to buy a home in Russia should begin by researching the different areas of the country and deciding which one best suits their needs. They should then contact a real estate agent who specializes in helping expats purchase property in Russia. The agent can provide information on the different types of properties available, as well as the amenities they typically include. Homes in Russia typically include amenities such as central heating, air conditioning, and modern appliances. Many also have balconies, terraces, and gardens. Foreigners are allowed to own property in Russia, but there are some restrictions. For example, foreigners are not allowed to own land in Russia, and they must obtain a special permit from the Federal Migration Service in order to purchase a property.
How do I find a place to live in Russia?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"I chose to live as close to the office as possible. My colleagues helped me by giving advise and transporting me to some appartments to check them out and helping me negotiate," said one expat who made the move to Moscow.
Get Quote
Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.
Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.
Get Quote
What is a typical expat home or apartment like in Russia?
"Apartment. Yes, in town it's almost always an apartment. Some expats prefer to live in the compounds out of town, which are usually town houses," said one person in Moscow.
"2 room furnished appartment outside the city center, but inside the city. I pay for my own housing. Most expats get a (large) budget from their company and thus rent an appartment in the citycenter or a house outside the city," said one expat who made the move to Moscow.
"Expat homes and apartments in Russia tend to be modern and comfortable, with amenities such as air conditioning, high-speed internet, and modern appliances. Many expats choose to live in larger cities such as Moscow and St. Petersburg, where they can find a wide range of housing options, from luxury apartments to more affordable options. Expats may also choose to live in smaller cities, where they can find more affordable housing and a slower pace of life. In general, expat homes and apartments in Russia are well-equipped and comfortable, providing a great place to live and work," explained one foreigner living in Russia.
What is the average cost of housing in Russia?
If you are thinking about moving to Russia, cost of living in probably a key consideration. Expats commented about the cost of housing:
"Higher, mainly because it is a furnished appartment. I pay $350 a month. I know of many people (for who their company is) paying $1200 or even $5000 a month," said one person in Moscow.
"The cost of housing in Russia varies greatly depending on the region and type of housing. Generally, the cost of renting an apartment in Russia is relatively affordable compared to other countries, while the cost of buying a home is higher. Prices for housing in Moscow and St. Petersburg tend to be higher than in other parts of the country," remarked one foreigner who made the move to Russia.
"Much higher. I could rent a house on the beach in South Carolina for the price of a 2 room flat here. Expect to pay $1200-1800 a month if you live alone," explained one person living in Moscow, Russia.
Should I buy or rent a home in Russia?
If you have not spent a lot of time in Russia, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Russia can be a great investment, as the country's real estate market is growing rapidly. However, it is important to consider the cost of living in the area you are looking to buy in, as well as the cost of the home itself. Renting a home in Russia can also be a great option, as it can provide more flexibility and allow you to save money in the short-term. Ultimately, the decision to buy or rent a home in Russia should be based on your individual needs and financial situation," said one person in Russia.
What do I need to know when buying property in Russia?
When we asked expats what advice they would give a foreigner before buying a property in Russia, they said:
"1. It is important to research the local real estate market and understand the legal requirements for purchasing property in Russia. 2. It is advisable to hire a lawyer to help you navigate the legal process and ensure that all documents are in order. 3. You should also be aware of the taxes and fees associated with buying property in Russia, such as the transfer tax and registration fee. 4. It is important to understand the local currency and exchange rate when making payments for the property. 5. You should also be aware of any restrictions on foreign ownership of property in Russia. 6. It is also important to be aware of the potential risks associated with buying property in Russia, such as the possibility of fraud or corruption," said one in Russia.
Are foreigners allowed to own property in Russia?
When we asked expats what advice they would give a foreigner before buying a property in Russia, they said...
"Foreigners are allowed to own property in Russia, but there are certain restrictions in place. Foreigners are not allowed to own land in Russia, but they can own buildings and other types of real estate. Foreigners must obtain a permit from the Federal Migration Service in order to purchase real estate in Russia. Additionally, foreigners must register their property with the local authorities in order to be able to use it," remarked one foreigner who made the move to Russia.
What appliances are typically included in a rental?
We asked foreigners in Russia what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In Russia, rental properties typically include a refrigerator, stove, washing machine, and air conditioning unit. Other common appliances that may be included are a microwave, dishwasher, and television. Depending on the property, some landlords may also provide furniture and other amenities," explained one foreigner living in Russia.
Additional Information about Searching for a Home in Russia:
We asked foreigners in Russia what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Russia by using online real estate websites, such as Avito, Cian, and Yandex Real Estate, which offer a wide range of listings. Additionally, expats can contact local real estate agents who specialize in helping foreigners find homes in Russia. Expats can also search for homes in Russia by attending open houses and visiting neighborhoods to get a better feel for the area. Finally, expats can join expat forums and ask other expats for advice on finding a home in Russia," said one expat in Russia.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
Get a quote for international health insurance from our partner, William Russell.
Get Quote
Get a quote for international health insurance from our partner, William Russell.
Get Quote
Russia Forum
Talk with other digital nomads and expats in Russia on our Russia forum - meet people, get advice and help others.
Contribute
Help others in Russia by answering questions about the challenges and adventures of living in Russia.
Digital Nomads in Russia offer advice about healthcare, hospital visits, emergency rooms visits, finding a doctor and buying health insurance in Russia.
Advice for people renting and buying real estate in Russia.