The increase in housing rental costs in 2024 affected two-thirds of Russian citizens surveyed, the press service of the financial market Vyberu.ru reported on April 21.
From a study conducted among 3,000 citizens of the Russian Federation in the age category of 18 to 60 years, it turned out that the rent increased for 45% of the respondents by 15-20% of the original cost, while for the 20% of those surveyed the increase was 20-30%.
Ten percent of survey participants saw no change in rental costs, and 25% of respondents who are landlords have already increased or plan to increase their rent in the near future.
The analysis showed that the increase affected not only new housing rental advertisements, but also already signed contracts, which the owners proposed to reconsider.
It is reported that 16% of landlords plan to increase rental costs by up to 50%, due to increased utility bills and other expenses.
Anna Romanenko, director of the communications policy department at Vyberu.ru, noted that the rental real estate market is experiencing an increase in demand, including due to the return of relocatees to the market, which leads to a reduction in supply of quality homes. in budget segments and creates a rush.
In his opinion, a price adjustment may occur when the cost of mortgage payments decreases to the level of rental rates, which could be possible with a possible reduction of the key rate by the Bank of Russia in the second half of 2024, subject to a sustained decline in inflation.
Also read: Living in Amsterdam has become more expensive due to high rents
Source: Rossa Primavera
I am Michael Melvin, an experienced news writer with a passion for uncovering stories and bringing them to the public. I have been working in the news industry for over five years now, and my work has been published on multiple websites. As an author at 24 News Reporters, I cover world section of current events stories that are both informative and captivating to read.