“Avito Real Estate”: for the year renting apartments in Moscow has fallen in price by almost 20%
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On average, long-term apartment rentals in Russia have risen in price by 25% over the year. The volume of supply in the long-term rental market increased by 14.3%, demand – 12%. This was reported by the press service of Avito Real Estate.
Most of all, the cost of long-term rental apartments for the year increased in Rostov-on-Don – by 22.2%. Prices for long-term rentals decreased only in Moscow (19.1%), Kaliningrad (17.4%), St. Petersburg (10%) and Sevastopol (8%).
Moscow recorded the largest increase in the volume of offers of apartments for long-term rent – by 81.5%. In St. Petersburg, the indicator increased by 30.3%. The biggest drop in supply was in Volgograd — by 22.4%.
The largest increase in demand for long-term rentals was recorded in Tomsk – by 47.3%. In Moscow, demand grew by 16.3%, in St. Petersburg – by 9.4%. Demand for rent decreased only in Ryazan (by 2.3%) and Volgograd (8.6%).
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