A year ago, an apartment could be rented for an average of 28,000 rubles, and now this monthly fee has exceeded 40,000. Experts note that this is not the limit, but so far clients simply cannot pay more.
The real estate agency CIAN reports that the rent has increased by 9% over the month and now amounts to about 40,000 rubles. A year ago a similar apartment could be rented for less than 30 000.
By early fall prices may rise by another 10-15%. Such dramatic changes are explained by the abolition of the program of preferential mortgage, because of which the availability of housing on credit has sharply reduced and now people are forced to look for non-permanent options for renting apartments.
Olga Pavlinova, director of the rental department of the company “Etazhi”, believes that prices could have soared even higher, but the natural obstacle here was the solvency of Russians themselves. The majority of tenants, aiming at a relatively budget housing format, will not be physically able to pay more.
Meanwhile, the area of apartments in new buildings of the northern capital is rapidly decreasing with the continuous increase in prices by developers.
At the height of the tourist season, renting accommodation in Sochi has become more expensive than in Moscow.