NF Group: rent of elite cottages in the Moscow region has fallen in price by 20 percent
In the third quarter of 2022, rent an elite house in Moscow region became cheaper – the average cost of rent decreased by 20 percent compared to the same period in 2021. Analysts of the consulting company NF Group came to this conclusion in their study, writes RBC.
According to experts, the average rental rates for high-budget cottages in the Moscow region are at the level of 1.1 million rubles per month. Experts attribute such dynamics to currency fluctuations, since 20 percent of the lots are put up for sale in foreign currencies.
The NF Group noted that in the structure of the budget proposal, the largest share (30 percent) of rented luxury houses is in the range from 400 to 600 thousand rubles per month. Options from 600 to 800 thousand rubles and from 1.5 to three million rubles a month account for another 20 percent. This is followed by cottages costing from one to 1.5 million rubles a month (17 percent). Least of all options are available for rent at a price of 800 thousand to one million rubles per month (nine percent), as well as over three million rubles per month (four percent).
According to the results of the third quarter of 2022, the average area of rented high-budget cottages in the Moscow region reached 754 square meters, having decreased by nine percent over the year. Most objects in this segment have an area of 400 to 700 “squares” – 40 percent of the lots, 22 percent of the supply falls on lots with a footage of 0.7-1 thousand “squares”.
The least represented are spacious lots with an area of more than 1.5 thousand square meters – they account for seven percent of the supply, said the director of the suburban real estate department of NF Group Tatyana Alekseeva.
Earlier it became known that after the announcement of partial mobilization in Russia start decrease in the cost of renting apartments – in the largest cities of the country, rental housing has fallen in price by three to four percent. According to analysts, the trend will continue in the short term.