CrimeaPRESS reports:
At the moment, in Crimea, the average cost of an apartment in the primary market is 9 million rubles, and in the secondary market — 6.5 million rubles. Against the background of the growth of domestic tourism, many are thinking about investing in real estate for its subsequent rental. Analysts of Avito Nedvizhimost studied the prices for apartments in seven popular resort regions and two capitals and calculated when investments in such housing will return if they are rented out.
The average cost of renting a house per month in Russia in August 2023 is 25,000 rubles, which is 9% more than a year ago*. In the secondary market, the average Russian apartment costs 4.4 million rubles, and in a new building — 5.9 million rubles. It turns out that it will be possible to fully return investments in such housing when renting out in almost 15 and 20 years, respectively.
An apartment purchased on the secondary market will pay off faster than a new building in 5 out of 7 regions participating in the Avito Real Estate study. The biggest difference is in Karelia, where payback periods are 13 and 25 years respectively. In Crimea, an apartment in the old fund will pay off in 22 years, in a new one — in 30 years. In order to quickly return the amount invested in investments, it is also better to buy housing on the secondary market in the Krasnodar Territory, the Kaliningrad Region and the Stavropol Territory.
It is most profitable to buy an apartment in a new building for rent in Dagestan — in the republic such housing will fully pay for itself in 8.5 years. This is the minimum term among all regions and formats that were considered in the study. Also, housing in new buildings is cheaper than in the old fund, in the Altai Republic — it will pay off in 12 years, and in the secondary market in 13 years.
Considering the return on investment when investing in real estate, it is important to remember that no matter how good or bad it is, the buyer will remain in possession of this property. It can be sold and the initial investment returned. The same cannot be said for investing in a business, which often involves a faster payback, but also greater risks. Real estate is a conservative and low-risk investment tool that allows you to earn money in a fairly passive mode. And given that rental rates are growing every year, the payback period in the future may be significantly lower than the estimated— Nikolai Popov, commercial director of Avito Real Estate, comments.
Among all the regions considered, the lowest entry threshold is in Dagestan — in the republic, an apartment on the primary market in August 2023 costs an average of 2.8 million rubles. Also, housing for rent in Karelia (4 million rubles for a “secondary house”) and the Stavropol Territory (4.5 million rubles for an apartment in the old fund and 4.8 million rubles in the new one) will be relatively cheap. The most expensive apartments are in the Crimea: housing in a new building on the peninsula costs an average of 9 million rubles.
The spread of rental rates in the regions is not so big. The minimum prices for the month in August 2023 are observed in the Stavropol Territory (23 thousand rubles) and the Kaliningrad Region (24 thousand rubles), the maximum — in the Krasnodar Territory (30 thousand rubles) and the Altai Republic (35 thousand rubles per month).
News of the Crimea | CrimeaPRESS
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