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So, what to do if you are interested in renting luxury apartments or retail spaces, and are now ready to grab the first available offer, fearing that landlords will soon hike prices? First of all, calm down: no sharp changes in the price per square meter are likely to occur. According to experts, the most likely scenario today is a moderate increase in rates of no more than 5-10%.
When it comes to the residential rental market, one of the most active factors influencing rent increases is not the exchange rate fluctuation, but the city government's push to legalize rentals. As a result, landlords who have been forced to switch to a legal scheme seek to offset their costs at the expense of tenants. In addition, rising utility bills continue to drive up rental rates as before.
At the same time, if you are looking for housing for a family of several people, the current moment will be as favorable as possible. The fact is that a two-room apartment in Moscow can now be rented for almost the same price as a one-room apartment, thus saving a noticeable portion of the family budget.
As last year, demand for real estate in the Moscow suburbs continues to grow in the rental market. The most popular cities among tenants are those located near the Moscow Ring Road: Khimki, Reutov, Lyubertsy, Dolgoprudny, Balashikha, and some others. The main advantages of suburban rentals are relatively low rental rates and good transport accessibility, especially for apartments within walking distance of railway stations.
As for the premium-class housing market, there is some decrease in rates, including due to the growth in supply. This trend is also influenced by financial instability, making tenants more cautious in choosing housing.
In conclusion, if you are interested in an apartment or housing in any other part of Moscow, specialized companies are ready to offer you an extensive database of listings with a wide variety of rental conditions.
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