RUB 486bnCommercial property and development-site investment
−12%Change from H1 2025
A high comparison base
Investment remained substantial despite the annual decline. The market is entering a more stable phase after unusually high activity in 2024 and 2025.
Commercial property transactions
Commercial assets attracted RUB 318.5 billion, down 8.9% year on year. Income-focused investment accounted for 73% of this volume, with owner-occupiers contributing the remaining 27%. Private investors committed RUB 166.5 billion.
Land and development projects
Investment in land and development projects reached RUB 168.1 billion, a 17.3% annual decline. Potential residential development accounted for 88% of that allocation. These land figures cover a different category from completed commercial assets.