Moscow property prices are now among the highest in Europe, ranging from $10,700 to $20,500 US dollars per square meter. The most desirable areas of central Moscow, where the elite and foreigners live, are known as Patriarch's Ponds, Arbat, Tverskaya, Zamoskvorechye, and Ostozhenka. These are the most in demand areas and demand for property in general is strong.
For such a large purchase, is highly advisable to deal with a real estate agent. If your understanding of Russian and local laws are not perfect, there could be serious problems in the deal. Sites like www.evans.ru/salesguide/, www.intermarksavills.ru/buy/, and www.moscowcity.com/real/agents.htm offer information on buying in Moscow as well as agent listings.