The average payback period for an apartment, determined by the ratio of the average cost of a one-room apartment to the average annual rental income, in million-plus cities increased to 16.5 years by the end of 2021, in 2020 it was 15.8 years. This is stated in the message of the consulting group SRG, received by Izvestia on Monday, January 17.
The average yield from renting a one-room apartment for 2021 increased to 6.15% against 6.49% a year earlier.
“At the end of the year, housing increased in price more than rental rates. The average check for a one-room apartment in million-plus cities increased by 26.22% over the year, and the rental rate increased by 20.03%,” SRG notes.
Analysts came to the conclusion that it became unprofitable to make money on renting an apartment: the profitability of one-room housing decreased to 6.15% against 6.49% a year earlier. Moreover, if you also pay off the interest on the mortgage, then the terms can exceed 20 years.
According to experts’ calculations, the average check for a one-room apartment in million-plus cities on the secondary market increased by 26.22% over the year, while the rental rate grew by only 20.03%.
In Moscow, St. Petersburg and Chelyabinsk, the cost of rent has increased more than the price of housing. Among the cities with a population of over one million, real estate pays off most quickly in Chelyabinsk, where at the expense of rent you can return the cost of an apartment in 12.4 years – a yield of 8.06%. The longest payback in Nizhny Novgorod, Kazan, Voronezh, St. Petersburg and Moscow – from 18 years to 20.4 years.
Rental rates in Moscow for the year added 30.30%, while odnushki rose by 16.72%. In St. Petersburg, the rental rate increased by 35% over the year, and the price of one-room housing – by 18.76%.
The Panel did not take into account possible repair costs, taxes, and downtime for the apartment in its review. Data on the average cost of sale and rent are presented as of December 2021 compared to December 2020.
As the federal portal World of Apartments reported at the end of December, the most expensive rental housing in Russia in Sochi and Kaliningrad rose by the end of 2021 – from 25% to more than 40%. In Sochi, the price of renting odnushek rose by 42.8%, dvushek – by 42.6%, treshka – by 40%; in Kaliningrad — by 25.6%, 37% and 40.8%, respectively.
According to the portal, on average, a one-room apartment in Russia is rented for 15.4 thousand rubles per month, which is 15.1% more than last year, a two-room apartment – for 20.9 thousand rubles per month (+ 14.4%), three-room apartment – for 27.9 thousand rubles per month (+ 15.8%).
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
