In August, prices for residential real estate decreased by just 0.7 percent in St. Petersburg and 0.3 percent in Moscow, according to the Construction News Agency.
In July, prices for real estate decreased by 1.8 percent in St. Petersburg and by 1.4 percent in Moscow.
By the end of August, the average cost of a square meter in St. Petersburg was 69,500 rubles ($2,200), and 136,700 rubles ($4,320) in the capital.
