In Yekaterinburg, apartment rents have more than doubled.
In Yekaterinburg, apartment rentals have more than doubled
Today at 11:13
Over the past five years, rental prices in major cities have nearly doubled, reports Izvestia, citing analysts from Etaji.
The highest increase was in Chelyabinsk — 2.6 times. Next are Nizhny Novgorod (2.4), Omsk (2.2), Kazan and Yekaterinburg (both 2.1). Even in Moscow, the increase is somewhat modest — 1.8 times.
According to analyst Alexander Ivanov, the rental market has faced a shortage since 2020 — initially due to a surge in sales of old housing to fund new construction, and then due to falling mortgage accessibility. People sold apartments, took out loans, but then faced difficulties with borrowing, leading demand to shift toward rentals.
Meanwhile, housing prices continue to rise.
It is worth recalling that just a few days ago, the Central Bank lowered the key rate to 18 percent annually. The reduction was immediate — by 2%, from 20%.
A real estate expert commented on whether more affordable mortgages can be expected.
Young Sverdlovsk mothers will have their mortgage interest paid back.
Veterans of the special military operation (SMO) and their families will be able to take out mortgages at 2% per year.
“2024 will be a tough year,” say Yekaterinburg developers about the market situation.
Yekaterinburg might face a shortage of new apartments.
Sberbank announced that it has exhausted limits on family mortgages.
A resident of Yekaterinburg paid off their mortgage but, two years later, still owes 2 million rubles to the bank.
In Yekaterinburg, the bank increased mortgage payments for a SMO fighter tenfold.
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In Yekaterinburg, apartment rents have more than doubled.
Over the past five years, apartment rentals in million-plus cities have nearly doubled, according to Izvestia citing analysts from Etaji.