Price for a square meter of mortgage in newly built properties in Omsk surpasses one million rubles
In the heart of Omsk, the iconic "Mayakovsky" Cinema has undergone a significant renovation, offering locals a refreshed cultural hub. The cinema's renovation, however, does not appear to have impacted the cost of new construction in the city, as highlighted by recent data from real estate market analysts.
Meanwhile, the cost of real estate in various Russian megacities is being affected by high mortgage rates. The final price for new construction will be highest in Moscow, with an estimated 2.1 million rubles per square meter, according to a joint report by RBK-Real Estate and Etagi agency.
Mortgage rates for market housing in Russia are gradually decreasing but remain high, adding significantly to the monthly cost over the duration of repayment. In fact, mortgage payments can increase the effective monthly payments by 30-50% or more over the base purchase price per square meter.
The cost per square meter of new construction, including mortgage payments, is not specified for the remaining six major cities in Russia. However, based on general knowledge as of mid-2025, Moscow is consistently the most expensive Russian city for new residential construction, with prices often exceeding 200,000 to 300,000 rubles per square meter. St. Petersburg tends to have slightly lower prices than Moscow but remains among the higher-cost cities.
Regional megacities like Kazan, Yekaterinburg, Novosibirsk, and Krasnodar generally have lower new construction costs, often between 80,000 and 150,000 rubles per square meter, depending on the neighborhood and quality. Smaller or less economically developed cities such as Omsk, Ufa, Perm, Voronezh, Rostov-on-Don, and Krasnoyarsk have even more affordable prices, potentially falling below 80,000 rubles per square meter.
The renovation of the "Mayakovsky" Cinema in Omsk does not seem to have influenced the cost per square meter of new construction in the city. This event is a separate occurrence from the cost analysis of new construction in major Russian cities provided by RBK-Real Estate and Etagi agency.
For precise, up-to-date numbers including mortgage terms in each city, one would typically consult real estate market reports or databases from specialized Russian housing agencies or banks, as no publicly available consolidated data was found in the current search results.
In summary, the "Mayakovsky" Cinema's renovation in Omsk offers a cultural boost, while the real estate market in major Russian cities continues to be influenced by high mortgage rates. For those seeking more detailed information on the cost of new construction, including mortgage payments, in each city, it is recommended to consult specialised real estate market reports or mortgage calculators.
What is the impact of the renovation of the "Mayakovsky" Cinema on the cost of investing in real-estate in Omsk? Considering the high mortgage rates and the subsequent increase in effective monthly payments for new construction, is it worth investing in real-estate finance in Omsk for potential high returns?
