• Real estate investment volume in Russia totalled RUB 65 billion in Q1 2020, marking an increase of 82% y-o-y on the RUB 26 billion recorded in Q1 2019. The figure was the highest first quarter total since 2016.
  • Transaction volume was underpinned by the completion of several major deals in January and February – most of which had been under negotiation since late last year.
  • Elevated risk owing to the spread of COVID-19, worsening macroeconomic indicators and disruption to business activity will affect investment decision-making in the months ahead.
  • CBRE expects that Q2 2020 will see only a limited number of completed transactions, with activity likely to resume in H2 2020, albeit only if the pandemic is being effectively contained.