Apartment rental prices in Russia will fall by 5-10% in June-July 2024. This estimate was given to socialbites.ca by mortgage broker Dmitry Rakuta.
“It would be useful to discuss this issue with the landlord in advance or rent a house in advance, but at the same time ask the landlord to be able to negotiate the rental price,” the broker said.
The broker described June and July as the most profitable months in terms of rental housing discounts and recommended renting housing before August if necessary. Rakuta explained that in June-July, all potentially good options may be exhausted, and it will be more difficult to rent an apartment towards the end of summer. However, the broker does not expect rental demand to decrease. According to Rakuta, demand for rental apartments will remain high as long as market mortgage rates remain at 17-18% annually.
With data Avito Real Estate, the average price of long-term apartment rental in Russia from May 1 to May 15, 2024 was 30 thousand rubles. Compared to the same period in 2023, the housing rental rate increased by 20 percent, or 5 thousand rubles.
According to reviews, the average rental price in the summer months may decrease to 27-28.5 thousand rubles.
Previously reported That the Moscow River is actively built up with residential complexes.
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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.