Yields poor in Moscow, good for very small apartments in 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 |
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An apartment in an elite neighborhood in Moscow costs on average EUR 10,000 to EUR 14,500 per sq. m. If you have a million Euros, you can only buy a small apartment. A 75 sq.m. apartment costs on average EUR 750,000 or EUR 10,000 per sq.m.
Monthly rents per sq.m. in Moscow range from EUR 32 to EUR 41. This means that a 120 sq.m. apartment can be rented out for around EUR 3,800 per month.
In St. Petersburg, prices per sq.m. of apartments range from EUR 3,860 to EUR 6,600. This means that a 120 sq. m. apartment costs on average EUR 590,000 or EUR 4,900 per sq. m.
Monthly rents per sq. m. in St. Petersburg range from EUR 18 to EUR 20. This means that a 120 sq.m. apartment can be rented out for around EUR 2,100 per month.
Gross rental yields from apartments if fully rented range from 3.07% to 3.82% in Moscow, while in St. Petersburg, rental yields range from 3.46% to 6.20%.
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.
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