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Russia: House Prices, Rents, and Rental Yields

Last Updated: Jun 25, 2009

Russian yields are almost 2% lower than in 2008 figures

Last Updated: Jun. 25, 2009
MOSCOW - Apartments COST ($) YIELD (p.a.) PRICE/SQ.M. ($)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
40 sq. m. n.a. 1,718 n.a. n.a. 42.94
75 sq. m. 937,500 3,374 4.32% 12,500 44.98
120 sq. m. 1,982,520 5,701 3.45% 16,521 47.51
175 sq. m. 3,498,750 9,298 3.19% 19,994 53.13
250 sq. m. 5,644,750 12,660 2.69% 22,579 50.64
ST. PETERSBURG - Apartments
50 sq. m. 205,500 1,312 7.66% 4,110 26.24
85 sq. m. 389,980 2,243 6.90% 4,588 26.39
120 sq. m. 619,920 3,206 6.21% 5,166 26.72
180 sq. m. 874,080 4,982 6.84% 4,856 27.68
Districts researched:
Moscow: Patriarch's Ponds, Arbat Area, Khamovniki, Presnensky, Tishinskaya Square (Tishinka), Tverskoy (Tverskaya)
St. Petersburg: Centralnyi, Vasileostrovski, Petrogradskii
Source: Global Property Guide                    Definitions: Data FAQ                       See also: Update Schedule

Moscow apartment gross rental yields are now only 3.41%, on average - 1.62% lower than a year ago.

This is a very significant shift.  Apartment prices decreased slightly in Moscow, or at least prices of the upper-end central-Moscow apartments which feature in our survey did - to an average of US$17,899 per square metre (sq. m.).  So rents in Moscow must have fallen considerably.

A typical 120-sq. m Moscow apartment can now generate a yield of around 3.45%, and sell for about US$16,521 per sq. m.

St. Petersburg apartments generate higher yields at around 6.9%, on average.

Yields have also fallen in St. Petersburg. The Global Property Guide estimates that average St. Petersburg yields have fallen by 1.57% since the same period last year.

Compared to a 120-sq. m apartment in Moscow, an apartment in St. Petersburg of the same size typically yields around 6.21%, and sells for US$5,166 per sq. m.

 





Your Comments

posted by George Dorgan | 2008-03-01

Banking, Switzerland

Unfortunately this data concerns only the very-central parts of Moscow and St.Petersburg. The data for other districts in Moscow and for other towns is missing. The data here fails to represent prices in Russia.

posted by our Editor: Matthew Pollock | 2008-03-01

That is true. We do what we can. What the data applies to is clearly explained in the Data FAQ.

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