Russia: House Prices, Rents, and Rental Yields
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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 |
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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.
Russia - more data and information
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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.