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Sponsored by IntermarkSavills
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IntermarkSavills is a partnership of Intermark and Savills, the leading international property services group.
If you are looking to rent an apartment or country house turn to IntermarkSavills and we will select the most suitable variants for you. The process of searching for an apartment can be stressful for you and your family, but you can rest assured that IntermarkSavills will solve all your problems connected to renting a home.
With us you can always count on efficient, effective and professional services. You can familiarize yourself with current offers on the rental market on our website, which has a daily updated database of properties. Here you will find detailed descriptions, conditions of rent, good quality photos, floor plans and also maps of the local area for each property.
If you are interested you may select a property on our website.
+7 (495) 502-9553, +7 (495) 775-2240, www.intermarksavills.ru
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Question:
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| Given the softening of the market and continuing high rents for quality inner ring flats, what would $1 million buy, as opposed to rent on a $10,000 monthly basis?
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Answer:
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Dear Dave,
Thank you for the very good question. Indeed, the market conditions have changed somewhat in the last month or so: one can negotiate quite attractive deals on the sales market. However, on the rental market there has been little actual change to the demand of apartments although we are beginning to record an increase in the supply. We do of course expect this to affect pricing, although, little movement has been recorded as yet. We are monitoring this closely and would be happy to send you updated market reports as they become available.
In response to your question approximately 1 mln USD could buy you these days an out of town property of 150 sqm (which could be rented at appr. 8000 USD bringing a buyer a rental yield of 7,7%). In Moscow with 1 mln USD budget it will still not be easy to buy the same quality apartment as you could rent for 10,000.
In comparison for example, a monthly rent of 10,000 USD would secure a 3/4 room apartment in a central location, within the Garden Ring, of approximately 100-130sqm and in a good standard of western renovation.
To discuss this in more detail and to evaluate your options please do not hesitate contact our experts, we will develop a tailor made strategy based on your objectives and resources.
Tamara Ayoub
Client Services Director, Leasing: +7 495 502 9553
Elena Kulikova
Client Relations Manager, Sales: +7 495 775 2240
Sincerely,
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