“Ordinary people… the housing issue has only spoiled them.” This diagnosis of one of the main characters of Mikhail Bulgakov’s novel will always be relevant to us.
Every third Russian family feels an urgent need to improve their living conditions. And it’s not just about people who want to move to more spacious housing, but also about those who have to live with relatives or rent an apartment. And if earlier passions boiled over around buying a home, now they are around renting it.
In the rental housing market in the Russian Federation, two acute periods occurred in a year and a half. The first one will be in March 2022, after the start of its work. The second was in September-October, after the announcement of partial mobilization in the country. As a result, the number of offers for rented apartments has increased dramatically and, as a result, prices have fallen. According to the HOUSE.Russia, from October 2022 to January 2023, the increase in the number of rented apartments in Russia reached 40%.
The first alarm bell sounded in the early summer of 2023. Analysts in June noted a 5% increase in demand by May. In July, the number of requests to “remove” increased significantly. Experts say that students and all other visitors decided to look for housing in Moscow early because they knew that at the end of August it would be very difficult to find housing at an affordable price. And the hunt for “odnushki” began in the capital… As soon as information about them hangs on the relevant sites for a couple of hours, a crowd of applicants rushes to the address.
The state does not have reliable official statistics either on the number of rented housing or on the number of tenants. The fact is that the market itself is in a gray area: some landlords do not want to pay taxes on income from renting out housing, and tenants do not insist on a contract and do not register in such apartments. And the state cannot collect data even by some indirect methods.
Nevertheless, it is known that rent has risen sharply in price, and its supply has almost halved, as mortgages have soared due to an increase in the key rate: since the summer it has increased from 11.2 to 15.2% (and now continues to grow). And in the case of loans for 20 years, the monthly payment increased by 27.32%, and the total overpayment for the entire period of use of the loan increased by 45.4%.
Many cannot afford such costs and choose to rent instead of a mortgage. So the “devilry” with the apartments is quite man-made. Experts assure that the increase in demand for rent and the increase in prices is one of the accurate indicators of the economic crisis in the country.
Pavel Maksimov.
Photo: Pixabay.com
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