The cost of renting a one-room apartment in Russia has increased by an average of 56% in the last five years. writes about this TASS Citing a study by CIAN.
Kerch was the only city where rent decreased compared to the winter of 2018-2019. In other cities, prices rose from 20% (Vologda, Penza, Sevastopol, Simferopol, Nizhnevartovsk) to 100% and above (Norilsk, Smolensk, Nizhnekamsk, Balakovo, Kislovodsk, Dzerzhinsk).
The study states that rental prices increased the most in cities where the cheapest offer was made five years ago.
“The low base effect played a role. Essentially, these are the second and third most populous cities in the wealthiest regions,” analysts explained.
On the other hand, Moscow and St. Petersburg, where rents are initially more expensive. Price increases were seen to be more limited in St. Petersburg and Sochi.
Analysts before this stated A sharp decline in demand for secondary housing in Russia.
Russians before saidWhat you need to consider when buying a “secondary” one.