Home / Economics / Demand for home rentals in Moscow rose by 36% in January 2018
rentals in Moscow

Demand for home rentals in Moscow rose by 36% in January 2018

The demand for home rentals in Moscow rose by 36% in January compared to December 2017. Meanwhile, the available houses for rental grew by 21%. Most (38.49%) are looking for apartments with monthly rent ranging from 25,000 to 40,000 rubles (440-700 USD). The supply of properties in this category is also maximum and has reached 40.73%.

About 36% of the supply and 37% of the demand are focused on the apartments with a monthly rent from 40,000 to 70,000 rubles.

Less than 1% want to pay over 130,000 rubles per month (2,300 USD).

The most expensive rent in the Russian capital fell in January to 200,000 rubles (3500 USD) at the level of 2015.

Most probably the rentals price will increase during the next months. This growth is related with the 2018 FIFA World Cup, which will significantly raise the demand. Over one million football fans from abroad are expected to flock to Moscow during the 2018 FIFA World Cup. And since some of them will likely seek to rent a room or a private apartment instead of staying at a hotel during their visit to the Russian capital, it appears that local landlords now seek to profiteer from it.

About Viliyana Filipova

Viliyana Filipova is 27 year-old girl from Varna, Bulgaria. She is founder and Chief Editor of Finance Apprise Journal, working also as analyzer on the world finance and commodity markets.

Check Also

maersk

Maersk Line ceases operations in Iran

The Danish company A.P. Moller-Maersk Group plans to cease operations in Iran after the US …

Leave a Reply

Your email address will not be published. Required fields are marked *