Rental prices for apartments in Russia’s more than 16 million cities and Moscow and Leningrad regions continued to decline. Writer “Kommersant” newspaper, “TsIAN. Analysts” (real estate market analytics service). The average cost of a one-room apartment in January of this year amounted to 21.4 thousand rubles per month, and a two-room apartment – 31 thousand rubles. Compared to December 2022, they decreased by 0.1% and 08%, respectively.
At the same time, the rate of decrease in average rental flat prices is also slowing down. In December, the average cost of an odnushka decreased by 0.5% and the average cost of a dvushka by 2%.
According to the federal real estate company “Etazhi”, the average cost of a one-room apartment in the 16 largest cities in January is 21 thousand rubles per month, a two-room apartment – 25.8 thousand rubles. Compared to December data, the figures decreased by 1.5% and 1.9%, respectively.
According to realtors, the fall in housing prices in Russia was affected by the growth in the supply of rental apartments: the number of available apartments increased by 70-86% during the year.
Realtors explained that the situation is unlikely to change significantly in February 2023 – this is not the most active period in terms of housing demand. Realtors believe that the increase in demand for rental apartments will begin in March-April 2023.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.