As the interlocutor of RIA Real Estate noted, the reason for the rise in rental prices will be the return of relocants to Russia and the rise in mortgage prices, as well as the general demand for rental housing in Moscow.
“In 2023, a significant portion of relocants returned to Russia, which caused an increase in the number of potential tenants and a decrease in the supply of apartments that they rented out while they were abroad,” Zhukov noted.
At the same time, he added that due to the increase in the key rate by the Central Bank, the monthly mortgage payment when buying an apartment on the secondary market has increased significantly and “there has been another increase in prices for apartments in new buildings.”
As a result, by the end of last year the number of properties available for rent in the capital had halved.
“By the end of the year, we can expect an increase in the average rental price to 15% in the most popular segments,” he noted, meaning one-room apartments.
Earlier, the founder of the investment company SharesPro Denis Astafiev spoke about trends in the real estate market in Russia.
According to him, due to rising mortgage rates, the demand for renting one-room apartments has increased.