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Apartment rents fell by 1-2% in the regions and by 3% in Moscow
The cost of renting apartments fell by 1-2% in the region and by 3% in Moscow.
According to experts, the seasonal factor plays a role. Housing always becomes a little more affordable after the peak in August-September.
The peak season of August-September is already behind us, and the average cost of renting a one-room apartment in the region in October was 33.5 thousand rubles per month, Kommersant writes with reference to CIAN.Analytics. In the capital, this average cost fell to 71.4 thousand rubles per month.
The seasonal factor played its role. Such price dynamics occur every year, and by the beginning of next year the market will most likely cool down by 5-10%. Alexander Kharybin, a real estate broker and real estate market expert, continues:
Demand remains high, experts say. Antares-Real real estate agent Lyudmila Sotnikova says the abolition of preferential mortgages and the continued high interest rates on mortgages are having an impact.
On October 10, the Bank of Russia temporarily lifted restrictions on the total cost of mortgage loans, which in some organizations amounted to 10% of the loan amount. According to the Central Bank's plans, this will allow banks to reflect changes in market conditions in interest rates.