The rental housing market in Russia is again becoming a landlord’s market due to high demand from tenants. I told you this “Rossiyskaya Gazeta” The demand for rental housing in February 2024 was 6% higher than a year ago, said Irina Andrievskaya, director of content and analysis of the financial market “Vyberu.ru”.
“Today, the regional popularity index of rental housing in all cities with a population of over one million exceeds 115%. The leaders were Krasnoyarsk with 232% and Novosibirsk with 159%. In Moscow this figure is 118%, in St. In St. Petersburg it is 117%,” the expert quoted the expert as saying.
According to him, the increased interest in renting is due to various factors. Essentially, many people cannot afford a mortgage in the current environment due to high interest rates in the market (18-20%) and increasing down payments.
“The down payment on a mortgage increased from 15% to 20% for all government programs and from 8% to 30% for the most common concessional mortgage. In addition, since the beginning of 2024, apartment prices continue to increase slightly in most cities with a population of over one million,” explained Andrievskaya.
Before that, sharply in the Moscow region price increased uniform flat.
Previously in Russia he jumped up daily studio rental prices.