Real estate for 2 million rubles: is it still possible to buy something decent in 2024?

Hi everyone! I've managed to save up 2 million rubles and I'm trying to figure out what kind of property I can actually afford with this budget. Should I look into tiny studios in the regions, a plot of land outside the city, or maybe put it as a down payment for a mortgage? I'm worried that with current inflation, this amount will just lose its value completely. Would love to hear some advice from those who have recently bought budget real estate.

Honestly, with 2 million rubles today, your options inside major cities are virtually nonexistent, but you can definitely find some interesting analysis on what's available by checking out this guide on what you can buy for 2 million rubles.

I was wondering the same thing about market timing recently. Before making a move, you might want to read this article discussing whether it's the right time to buy an apartment.

Using 2 million as a down payment for a mortgage is probably your safest bet against inflation right now, provided your income can handle the current high interest rates.

Be very careful with buying cheap plots of land outside the city. Often they don't have utilities, and reselling them later is a nightmare.

Regional studios for 2 million usually require another million just to make them livable. Factor in renovation costs before jumping in!

Have you considered looking abroad? Sometimes people wonder what happens if you buy property in Thailand, though 2 million rubles might still be a bit tight for that.

If you put that money into a high-yield savings account right now, the interest might actually outpace the growth rate of ultra-cheap real estate.

I bought a small place in a smaller regional town last year for around that price. It rents out, but the passive income is tiny after maintenance.

Whatever you do, don't let it sit in cash under your mattress. Inflation is eating it up every single day.

For foreign markets, if you ever expand your horizons beyond Russia, you can look into apartments without maintenance fees in Bulgaria to see how budget overseas property works.