Kaspiysk displays Russia's highest apartment price growth over 5 years

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Over the past 5 years in Kaspiysk, the cost of apartments has grown to the highest indices in the country - 4.4 times. If in the first quarter of 2018-2019, the average price varied at 26 000 RUB per square meter, then in the first quarter of 2023 and 2024 the price increased up to record 110 000 RUB. In Makhachkala, for example, for the same interval the price for 1 square meter in apartments increased in 1.8 times - from 33 to 58.8 thousand RUB.

According to the experts, Dagestan turned out to be an attractive region for moving and buying real estate, especially in 2020-2021 during the coronavirus pandemic and the spread of remote work format.

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