Russia less expensive now, but yields poor both in Moscow and St. Petersburg
Residential Valuation Specialist | July 31, 2019
Last Updated: July 31, 2019 | |||||
MOSCOW - Apartments ARBAT DISTRICT |
COST (€) | YIELD (p.a.) | PRICE/SQ.M. (€) | ||
TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
Aleksandrovsky Sad | 1,017,206 | 3,527 | 4.05% | 7,696 | 25.95 |
Arbatskaya | 823,666 | 2,828 | 4.14% | 6,805 | 23.47 |
Borovitzkaya | 1,017,206 | 3,527 | 4.05% | 7,696 | 25.95 |
Smolenskaya | 823,666 | 2,828 | 4.14% | 6,805 | 23.47 |
BASMANNY DISTRICT | |||||
Chistye Prudy | 554,932 | 3,499 | 5.27% | 5,386 | 23.66 |
Chkalovskaya | 534,144 | 2,607 | 4.86% | 5,034 | 20.40 |
KHAMOVNIKI DISTRICT | |||||
Frunzenskaya | 648,065 | 2,416 | 4.54% | 6,305 | 23.85 |
Kropotkinskaya | 1,161,708 | 3,699 | 3.92% | 8,278 | 27.06 |
Park Kultury | 1,047,887 | 3,891 | 4.27% | 7,644 | 27.22 |
Sportivnaya | 658,209 | 2,280 | 4.60% | 6,223 | 23.85 |
MESHCHANSKY DISTRICT | |||||
Dostoyevskaya | 412,371 | 1,998 | 4.75% | 4,678 | 18.52 |
Kuznetsky Most | 699,476 | 3,160 | 5.02% | 5,910 | 24.70 |
PRESNENSKY DISTRICT | |||||
Barrikadnaya | 571,923 | 2,575 | 5.21% | 5,413 | 23.49 |
Delovoy Tsentr | 645,567 | 4,529 | 6.91% | 5,298 | 30.51 |
Krasnopresnenskaya | 571,923 | 2,575 | 5.21% | 5,407 | 23.49 |
Mezhdunarodnaya | 645,567 | 4,529 | 6.91% | 5,298 | 30.51 |
TVERSKOY DISTRICT | |||||
Belorusskaya | 277,826 | 1,709 | 5.82% | 4,187 | 20.32 |
Biblioteka Imeni Lenina | 1,017,206 | 3,527 | 4.05% | 7,696 | 25.95 |
Chekhovskaya | 706,935 | 2,847 | 4.57% | 6,664 | 25.39 |
Kitay - Gorod | 798,746 | 2,840 | 4.67% | 6,188 | 24.11 |
Lubyanka | 699,476 | 3,160 | 5.02% | 5,910 | 24.70 |
Mayakovskaya | 675,306 | 2,874 | 4.65% | 6,591 | 25.54 |
Novoslobodskaya | 412,371 | 1,998 | 4.75% | 4,678 | 18.52 |
Okhotny Ryad | 758,908 | 3,384 | 4.94% | 6,244 | 25.71 |
Ploshchad Revolyutsii | 758,908 | 3,384 | 4.94% | 6,244 | 25.71 |
Pushkinskaya | 706,935 | 2,847 | 4.57% | 6,664 | 25.39 |
Teatralnaya | 758,908 | 3,384 | 4.94% | 6,244 | 25.71 |
Tverskaya | 706,935 | 2,847 | 4.57% | 6,664 | 25.39 |
YAKIMANKA DISTRICT | |||||
Polyanka | 1,188,397 | 3,378 | 3.28% | 9,144 | 25.00 |
ZAMOSKVORECHYE DISTRICT | |||||
Dobryninskaya | 382,142 | 1,835 | 4.63% | 5,486 | 21.15 |
Novokuznetskaya | 713,696 | 2,494 | 4.19% | 6,584 | 22.98 |
Tretyakovskaya | 713,696 | 2,494 | 4.19% | 6,584 | 22.98 |
SAINT PETERSBURG 3-BR apartments | |||||
Admiralteysky | 157,601 | 762 | 5.80% | 1,938 | n.a. |
Moskovsky | 200,685 | 587 | 3.51% | 2,022 | n.a. |
Vasileostrovsky | 205,393 | 772 | 4.51% | 2,055 | n.a. |
Tsentralny | 213,170 | 761 | 4.28% | 2,196 | n.a. |
Petrogradsky | 273,858 | 756 | 3.31% | 2,416 | n.a. |
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower. Source: Domofond and BN.ru Definitions: Data FAQ See also: Update Schedule |
Due to the decline of the Ruble, foreign buyers will find property prices in Moscow and St Petersburg are a lot less expensive now than they used to be. Residential prices have been on a slight downward trend over the last few years, but the Ruble’s decline in 2015-2016 (when the Ruble halved in value) is what did it.
Not that apartments are inexpensive. A 2 bedroom apartment in an elite neighborhood in Moscow costs on average EUR 5,000 to EUR 7,000 per sq. m. Rental yields are moderate at between 4% and 5%, so landlords can make a moderate income (but not a lot).
Round trip transaction costs can be very high for foreigners buying residential property in Russia. See our Russia residential property transaction costs analysis Italy residential property transaction costs analysis and our Residential property transaction costs in Russia compared to other countries.
Russia - More data and information
- How expensive are houses in Russia, compared to the rest of Europe?
- Property prices in Russia. Graph of house price trends in Russia
- How much rent can be earned from Russian property, compared to the rest of Europe?
- How much tax must foreign owners pay when they rent out their Russian property?
- Where to buy property in Russia
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