Real Estate in St. Petersburg, Russia

Last updated on Jan 03, 2023

Summary: The average cost of a nice 2 bedroom home in St. Petersburg, Russia is around $200,000 USD. A nice 3 bedroom home in St. Petersburg is around $300,000 USD. These properties typically include modern amenities such as air conditioning, central heating, and modern appliances. Foreigners are allowed to own property in St. Petersburg, but there are some restrictions. For example, foreigners are not allowed to own land in Russia, and they must register their property with the local government. The best way for an expat to search for a home to buy in St. Petersburg is to use a real estate agent or a property search website. These websites will allow you to search for properties in specific neighborhoods and compare prices. The most desirable neighborhoods in St. Petersburg are the city center, the Petrogradsky district, and the Vasileostrovsky district. These areas are known for their beautiful architecture, vibrant culture, and convenient access to public transportation.

How do I find a place to live in St. Petersburg?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"When looking for a place to live in St. Petersburg, it is important to consider elements such as budget, location, and size of the residence. Searching various housing websites like Zillow and Trulia can be helpful in finding the right place that suits your needs. You can also attend open houses to experience the residence and area firsthand. Additionally, contacting local real estate agents may be beneficial in finding the perfect place to live. Other options include shopping around in newspapers or even on popular classifieds sites such as Craigslist. Lastly, be sure to check on zoning regulations in the area to ensure the residence is compliant before signing a contract," explained one person living in St. Petersburg, Russia.

"My wife is Russian, so I'm not typical of most expats. She always wanted to live on Vassilievsky Island, and a few years ago she negotiated a very complex chain of stae-owned flat trades to end up with a completely trashed empty 5-room communal flat in the neighborhood. I don't know how she did it (and I don't think I want to). We subsequently gutted the place and renovated it," said one expat in St. Petersburg.

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About the Author

Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.