The cost of renting a luxury apartment in Moscow reached its highest level in July, making an average of RUB 2.98 thousand per square meter per month. This is what he writes about “To hit the primer” With reference to data from Intermark Rent.
According to analysts, luxury housing prices increased by 39% during the year. Experts attribute this dynamic to increasing demand and a serious supply shortage in the market.
“The weighted average budget for the provision of a luxury apartment also shows record values ​​- ₽465 thousand per month per property, 20% higher than the rate at the beginning of this year,” the company’s research said.
Experts emphasize that the number of luxury apartment listings decreased by 16% in the period January-July 2024. According to analysts, this was the reason for the sharp increase in value
Leases in this segment.
“The luxury rental market in Moscow is experiencing an unprecedented rise in prices due to overheated demand and catastrophic shortage of supply,” the company said.
Before that, economist Artem Golubev explained Rental housing prices are rising in Russia due to a shortage of personnel, increased migration and a decrease in mortgage lending. According to him, due to the high cost of housing and the abolition of preferential mortgages, many people prefer to rent, which increases demand in the rental market.
Russians before explainedWhy there is no point in buying an apartment in a new building.
What are you thinking?
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.