Monday, October 31, 2011

Rental housing: less than yesterday, more than tomorrow

Nedvizhimost18-11-2008 rental housing: less than yesterday, more than tomorrow, rents for apartments in Moscow range from $ 1000 to $ 70000 per month. Experts say that most of these prices are too high, and a decrease in interest rates amid falling demand in times of crisis can adjust them to the objective size. Special rent adjustments will undergo gentrification and business class, but the price for the rental of mass housing can stay on the same level. Many Realtors predict drop rates by 15-20%, and in some cases, when the exposure duration exceeds 3-4 weeks, by 25-30%. Real estate experts, though partly agree with this opinion, but believe that the adjustment will be insignificant. "I think that some reduction in rental prices will be, but to a lesser extent than the purchase of real estate, as in recent years, apartments rose in price much faster than renting. In general, the rental market can not be called a market. For example, many take off with friends. Often for several years, several in a row prices have not been reviewed. If any changes will be, then those apartments that have recently begun to yield at maximum prices, "- said in an interview Bigness.ru head of the analytical center IRN.RU Oleg Repchenko. According to him, reduction can reach 10-15%.

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