The rental market in Russia is experiencing a reduction in demand and a decrease in average prices. According to Dom.rf portal analysts, prices in Moscow and St. Petersburg fell by an average of 20% in 2022.
In January of this year, the average price of renting an apartment in Moscow was 65 thousand rubles, which was 19% less than a year earlier. Landlords make concessions and allow Muscovites to rent housing together: one apartment is rented out to several people. For tenants, this method allows you to save on monthly payments.
In St. Petersburg, due to the growth of objects in the rental market, prices decreased by 20.6% in the segment of one-room apartments and by 11.5% for two-room apartments. The number of proposals, experts say, has grown due to the fact that many owners could not sell their property and decided to rent it out.
Realtors recommend that Russians carefully choose real estate tenants, as the number of prosperous tenants in the country decreased in September-October. Probably, in the near future there will be no more solvent applicants for real estate.
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