Commonwealth Partnership – Marketbeat, Q4 2025

Marketbeat Q4 2025 by Commonwealth Partnership provides an analysis of the economic and commercial real estate market in Russia.

The report highlights slowed economic activity due to tight monetary policy and external factors, with GDP growth slowing to 0.7% year-on-year in Q3 2025 and a preliminary annual estimate of 0.9%. Inflation is nearing target levels, but tax changes in 2026 pose pro-inflation risks. Credit activity increased mainly in the corporate sector, while commercial real estate showed restrained dynamics consistent with regulatory and external influences.