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Demand for rental apartments in Sevastopol decreased by 3% over the year

Demand for rental apartments in Sevastopol decreased by 3% over the year

CrimeaPRESS reports:

Compared to August last year, interest in long-term rental housing in Novosibirsk, Kaliningrad, Chelyabinsk, Irkutsk and Tyumen has increased by twenty percent or more. In Moscow (+9%) and St. Petersburg (+13%) the dynamics are also positive.

According to Avito Real Estate, the average cost of renting an apartment in August 2023 was 26 thousand rubles — this is 13% more than in the same month last year, and 4% more than July of this year. Demand increased by a third over the month, which is due to seasonality before the start of the business and school year. Compared to August 2022, interest in long-term rental housing on the platform also increased by 6%. Supply decreased by 5% over the month, and by 16% over the year. This also indicates the activation of the market — housing can be rented out faster, after which the advertisements are removed— the research data are announced in the press service of the service.

Prices for long-term rental apartments increased over the month in 28 out of 33 cities that participated in the Avito Real Estate study. Before the start of the school year, rental prices became more expensive in Moscow (+27% compared to July), Barnaul, Samara, St. Petersburg (+25% per month) and a number of other cities. It became cheaper to rent housing in Sochi (-17%), which is also explained by seasonality. Compared to August 2022, rent has risen in price in 29 of the 33 cities in the study. Detailed information on dynamics is in Table 2.

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The most expensive apartment rentals based on the results of August 2023 in Moscow. In the capital, renting an apartment on average costs 70 thousand rubles per month, and a one-room apartment will cost 41 thousand rubles per month. Also in the top 3 in terms of cost are Sochi (50 thousand rubles on average, 40 thousand rubles for a one-room apartment) and St. Petersburg (35 thousand rubles on average, 30 thousand for a one-room apartment). The cheapest places to rent housing are in Kirov (14 thousand rubles on average, 13 thousand for a one-room apartment), Bryansk (15 and 13 thousand rubles, respectively) and Yaroslavl (16 and 15 thousand rubles, respectively).

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