Russia

In Moscow, the average price per square metre ( sq. m.) of an apartment in an elite neighbourhood runs to around EUR 11,000 to EUR 15,000. EUR 10,000 will barely buy you a sq. m. even in the smallest apartment. And Moscow prices continue to push upwards.

Rents also continue to rise. Apartments in the centre now rent on average for EUR 40 to EUR 48 per sq. m. per month, compared with last year´s EUR 35 to EUR 43. In terms of yields, the picture remains much the same - apartments of all sizes in Moscow earn poor rental yields, ranging from around 3.50% to 4.50%.

In St. Petersburg, apartments cost around EUR 4,000 to 6,000 per sq. m. Bigger apartments tend to cost more, for example, a 200 sq. m. apartment costs on average EUR 5,500 per sq. m. while a 65 sq. m. apartment costs on average EUR 3,700 per sq. m.

Renting an apartment in St. Petersburg costs from EUR 22 to EUR 23 per sq. m. per month. This means that you can rent a 120 sq. m. apartment for around EUR 2,700 per month.

Gross rental yields in St Petersburg range from a good rate of 7.49% for 65 sq. m. apartments, while bigger St Petersburg apartments earn less, with rental yields of around 4.80%.