Living standards in Russia’s two biggest cities are slipping. According to an Economist Intelligence Unit survey, Moscow and St. Petersburg have both seen their “liveability” rankings decline more than 3% in the past five years. The survey ranked global cities based on stability, healthcare, culture & environment, education and infrastructure. The survey does not specify where the pair saw the greatest declines, but did note that “events in Ukraine” were having “knock-on” effects. There’s other anecdotal evidence of the decline. According to Global Property Guide, Moscow´s resale apartment prices fell 8% in Q1 on an inflation-adjusted basis. In St. …read more
Source: Business Insider
