December 20, 2022

While Supplies Last


While Supplies Last
Get them while they're hot! Andrey, Flickr

Low demand has led Moscow real estate prices to fall by as much as 35 percent, and developers are scrambling to push properties with special sales and promotions.

Russian real estate experts note that the crash, affecting 75 percent of apartments, is unprecedented, even during previous economic crises.

In actuality, the overall price decline is being driven by steep discounts being given to those willing to pay 100 percent upfront, with higher deposits, or without a government-assisted mortgage. Actual face-value prices have decreased just 6.7 percent in the capital, resetting them to 2020 levels.

Analysts predict prices will continue to fall during 2023 and beyond, citing low demand and high (and increasing) supply: 66 percent of newly-constructed units are standing empty.

Meanwhile, as real estate prices fall, the cost of food has increased, and large numbers of Muscovites have fled the country since Russia invaded Ukraine.

The Russian economy remains out of kilter, with poor long-term prospects.

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Some of our Books

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Steppe
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This is the work that made Chekhov, launching his career as a writer and playwright of national and international renown. Retranslated and updated, this new bilingual edition is a super way to improve your Russian.

Stargorod: A Novel in Many Voices
May 01, 2013

Stargorod: A Novel in Many Voices

Stargorod is a mid-sized provincial city that exists only in Russian metaphorical space. It has its roots in Gogol, and Ilf and Petrov, and is a place far from Moscow, but close to Russian hearts. It is a place of mystery and normality, of provincial innocence and Black Earth wisdom. Strange, inexplicable things happen in Stargorod. So do good things. And bad things. A lot like life everywhere, one might say. Only with a heavy dose of vodka, longing and mystery.

Bears in the Caviar
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Bears in the Caviar

Bears in the Caviar is a hilarious and insightful memoir by a diplomat who was “present at the creation” of US-Soviet relations. Charles Thayer headed off to Russia in 1933, calculating that if he could just learn Russian and be on the spot when the US and USSR established relations, he could make himself indispensable and start a career in the foreign service. Remarkably, he pulled it of.

Davai! The Russians and Their Vodka
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Davai! The Russians and Their Vodka

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Jews in Service to the Tsar

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