Support The Moscow Times!

Most Russians Pick Real Estate Over Gold to Invest

Slightly more than half of all Russians think that real estate is the most reliable form of investment, according to a recent survey conducted by the polling center VTsIOM.

A third of those surveyed, however, also considered opening accounts with state-owned Sberbank to be a useful way of investing money, marking an increase from the last time the question was asked in the fourth quarter of 2013, when only 25 percent of Russians chose this option. The survey asked respondents to list their top three choices for investing money from a list of options prepared by VTsIOM.

About 20 percent identified gold or jewels as the most reliable form of investment. Sixteen percent responded that rubles were a good option for saving, while 11 percent said that they preferred to stockpile foreign cash.

As a whole respondents were uninterested in investment strategies common in the West. Only 4 percent of respondents were interested in pensions and 3 percent interested in mutual funds. About 7 percent of respondents said that opening commercial bank accounts made for a good investment, while a mere 6 percent would opt for purchasing shares in companies.

The poll was conducted from April 12 to 13, surveying 1,600 people across 42 Russian regions. The margin of error was 3.4 percent.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more