The resort real estate market in the Republic of Dagestan is projected to see significant price growth in 2026, with forecasts indicating an increase of at least 20% per square meter. According to experts, this surge will substantially outpace both official inflation and the price growth of standard residential construction.

Demand for this segment intensifies as more buyers focus on Russian seaside resorts. Experts anticipate prices for resort real estate will grow by no less than 20% year-on-year over the next one to two years. This projected surge continues a decade-long trend of remarkable growth in Dagestan's resort property market. The prices have seen a dramatic sevenfold increase, rising fr om an average of 22,000 rubles per square meter in 2015 to 155,400 rubles in 2025. This growth trajectory has propelled Dagestan to second place among all Russian regions for resort real estate appreciation over the past ten years - a remarkable climb of 57 positions in the national rankings.

The top three regions for decade-long price appreciation are:
1.    Altai Republic: A 7.1-fold increase (from 34,500 to 243,200 rubles).
2.    Republic of Dagestan: A 7.0-fold increase.
3.    Republic of Crimea: A 4.3-fold increase (from 50,300 to 214,800 rubles).

This surge in the premium resort segment contrasts sharply with the general housing affordability crisis in the republic. As previously reported, Dagestan also holds the unenviable position of second place in Russia for housing unaffordability, wh ere purchasing an apartment requires an average of 19 years of total income.