The general prosecutor’s office ordered state anti-monopoly officials to investigate the legitimacy of soaring real estate prices. They will look into whether construction firms are operating a secret price-fixing agreement.
Since the start of the year, the cost of a new apartment has risen by 85 per cent in Moscow
and by 65 per cent in St. Petersburg, Russia
northern capital. Almost $3,000 dollars is the minimum price per square metre for a new apartment in Moscow. The anti-monopoly service says current legislation makes it almost impossible to prove price fixing.