Approximately 140,000 rubles is the typical price for a square in the secondary market in Nizhny Novgorod.
Nizhny Novgorod, a bustling city in Russia, has seen a significant shift in its real estate market over the past month. According to data provided by Yandex Real Estate, the number of available offers in Nizhny Novgorod has increased by 5.2%, indicating a growing market.
Simultaneously, the average cost of long-term rent in the city has decreased by 7.3%. However, the average price per square meter on the secondary market remains high at 140,000 rubles, with the average price of a ready-made apartment now standing at 6.7 million rubles.
The cost per square meter on the secondary housing market in Nizhny Novgorod increased by 1.2% in June, marking the highest growth rate among megacities in Russia. In contrast, cities like Krasnodar and Volgograd have seen a decrease in prices, with Krasnodar's price per square meter decreasing by 1.4% to 121,000 rubles, and Volgograd's remaining at 96,000 rubles.
Across Russia, the average price per square meter in ready-made housing was 142,000 rubles in June, with Moscow, St. Petersburg, and Kazan boasting the most expensive square meters on the secondary market. Moscow's square meters are sold for 362,000 rubles, followed by St. Petersburg at 216,000 rubles and Kazan at 187,000 rubles.
The volume of offers on the secondary housing market in cities with over one million population has only increased by an average of 1% over the month. This suggests a more stable market in these cities compared to Nizhny Novgorod.
The strong investment climate in the Nizhny Novgorod Region, which showed one of the highest index growths in investment attractiveness in 2025, could be supportive of real estate and housing market growth in the region. Rising housing prices nationally and evolving rental market strategies suggest that the local market has experienced upward pressure on prices and dynamic rental patterns in recent years.
While exact historical housing market metrics for Nizhny Novgorod are limited, the region’s strong investment climate growth implies increased demand and development activity. For precise historical housing data in Nizhny Novgorod, consulting local real estate agencies or official regional statistical bodies would provide the most accurate trends.
I'm not gonna be able to get a job due to the unyielding high prices in the real estate market, particularly in Nizhny Novgorod, where the average price per square meter on the secondary housing market remains at 140,000 rubles, and the average price of a ready-made apartment is 6.7 million rubles. This upward pressure on prices could be a result of the strong investment climate in the Nizhny Novgorod Region, which might have created increased demand and development activity.
