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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.
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