Many people in Russia have the impression that the most reliable investment of money is investment in real estate.. Like it always grows and the investment will always pay off.. In fact, she's not growing a fig. Let's admit, at the beginning 2009 years invested in buying an apartment. And what do we have now, after the lapse of 5 years? Nothing. The price has remained at the same level as it was five years ago. If the same money were deposited in a bank deposit, then it would be more confusing.
This schedule цен на недвижимость в Санкт-Петербурге в долларах.
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In rubles, certainly, price for 5 years grown on 20-30%. But if investing in real estate was a means of preserving ruble purchasing power, then you could just keep money in dollars and still receive some interest in the bank.
This is a chart of real estate prices in St. Petersburg in rubles:
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