The long-term rental market in Russia has gradually started to recover, with rates increasing in most major cities over the course of the month. In this respect writer Kommersant refers to the opinions of market participants.
In 2023, for the first time, a positive trend emerged in the long-term rental market: average rates in the largest regional markets increased slightly during the month. The average cost of renting a one-room apartment in the 18 largest regional markets of Russia in April amounted to 21.1 thousand rubles. two-room apartments – 30.8 thousand rubles per month. CIAN.Analytics experts noted that during the month, these numbers increased by 0.4% and 2%, respectively.
Market experts agree that there are positive changes in the rental market due to increased demand for the first time in 2023. But the supply is still three times the demand. Therefore, landlords are willing to ask for certain discounts for potential tenants. At the same time, the revival in the rental market coincided with the increase in demand in the primary and secondary housing markets.
Analysts think the drop in rental flats last month is also due to homeowners starting to put their homes up for sale. In addition, the long-term rental market should not experience major price fluctuations in the coming months, as the summer is a traditional holiday season when the demand for such rentals usually decreases.
March 18, the newspaper Vedomosti cites the statistical data of the company CIAN.Analitika WroteHe reported that in March 2023, the average monthly rental cost of a one-room apartment in the capital’s real estate market decreased by 11.6%. In the current month, this figure was 43.3 thousand rubles against 49 thousand rubles. one year ago.