Real estate experts evaluate the surge in rental prices across Moscow
Going rate for Moscow digs
Are you digging the idea of a new pad in the Russian capital? Or perhaps contemplating a cosy abode in the land of potatoes? We've got the lowdown on the rental market for you!
First off, let's talk Moscow, Russia. The big boss at the local service, Roman Zhukov, shared some insights on the trends. The yearly uptick in studio rent averages about 7%, settling in at a monthly 65,000 rubles. For a two-room, it's a hike of 18% to 99,000 rubles, and for a three-room, there's a 21% increase to 166,000 rubles. Russian inflation and the arrival of pricey investment apartments in modern projects are the reasons behind this, according to Zhukov.
But switching gears to Moscow, Idaho, in the United States, the rental scene looks a bit different. The general trend across all property types and bedroom counts is a comfortable $1,100 per month on average, with a modest year-on-year increase of approximately $65. For single studio or 1-bedroom flats, the average rental hovers around $1,000, whereas a 2-bedroom apartment goes for around $1,300. Unfortunately, specific statistics for the price of a 3-room apartment aren't explicitly stated in available data.
In Moscow, ID, the rental market is competitive, which explains the slight rent increase over the past year. Home prices in the area have also grown by 7.6% over the last year, thus bolstering rental rates. Offers for rental properties typically stay on the market for five to seven days, whereas last year it was possible to lease liquid assets within a single day.
And no, there's no conventional summer lull in the Moscow, ID rental market – demand has simply shifted from the end of summer to its beginning. Tenants prefer to secure their options well ahead of time.
If you're a data enthusiast like us, you might be curious about a few details, but remember, different cities, different rules. Stay tuned for our Telegram channel @expert_mag for more exciting tidbits on the rental market!
#Rent; #Housing; #Moscow (US & Russia)
If you're considering real-estate investing in Moscow, Russia, it's important to note that the rental market for apartments is on the rise. According to Roman Zhukov, the big boss at the local service, the yearly uptick in studio rent averages approximately 7%, settling at a monthly 65,000 rubles. On the other hand, if you're looking to finance an investment in the Moscow, Idaho property market, the rental scene is also competitive, with a steady increase in rental rates over the past year, averaging $1,100 per month for all property types.
