{"id":7261,"date":"2014-12-29T07:27:33","date_gmt":"2014-12-29T07:27:33","guid":{"rendered":"https:\/\/blogs.transparent.com\/russian\/?p=7261"},"modified":"2018-08-16T13:18:18","modified_gmt":"2018-08-16T13:18:18","slug":"rent-prices-falling-in-moscow","status":"publish","type":"post","link":"https:\/\/blogs.transparent.com\/russian\/rent-prices-falling-in-moscow\/","title":{"rendered":"Rent Prices Falling in Moscow"},"content":{"rendered":"

A lesser explored consequence of the economic sanctions against Russia and the falling ruble<\/a> is a drop in rent prices\u00a0(\u0441\u043d\u0438\u0436\u0435<\/span>\u043d\u0438\u0435 \u0441\u0442\u043e<\/span>\u0438\u043c\u043e\u0441\u0442\u0438 \u0430\u0440\u0435<\/span>\u043d\u0434\u044b<\/strong>) in Moscow. There are several news reports looking into the causes and outcomes of this development.<\/p>\n

The website BFM.ru used\u00a0this pun as a title for an article<\/a> on the subject — “\u0412\u0440\u0430\u0433\u0443 \u043d\u0435 \u0441\u0434\u0430\u0435\u0442\u0441\u044f, \u0434\u0440\u0443\u0433\u0443 \u0442\u043e\u0436\u0435<\/strong>.” \u0421\u0434\u0430\u0432\u0430<\/span>\u0442\u044c\u0441\u044f<\/strong> is a word with multiple senses. One is “to give in, surrender,” and the other means “to be rented” and is the passive counterpart of \u0441\u0434\u0430\u0432\u0430<\/span>\u0442\u044c<\/strong>, to rent. The title is, of course, a play on the famous line “\u0412\u0440\u0430\u0433\u0443 \u043d\u0435 \u0441\u0434\u0430\u0451\u0442\u0441\u044f \u043d\u0430\u0448 \u0433\u043e\u0440\u0434\u044b\u0439 \u00ab\u0412\u0430\u0440\u044f\u0433\u00bb<\/strong>” from a song<\/a> dedicated to a sea battle during the Russo-Japanese war.<\/p>\n

High-End Properties<\/h2>\n

The site points out that high-end rental properties were the first to suffer — \u041f\u0435\u0440\u0432\u044b\u043c \u043f\u0440\u043e\u0441\u0435\u043b \u044d\u043b\u0438\u0442\u043d\u044b\u0439 \u0441\u0435\u0433\u043c\u0435\u043d\u0442<\/strong>. It names two main causes — \u0432\u0432\u0435\u0434\u0435<\/span>\u043d\u0438\u0435 \u0441\u0430<\/span>\u043d\u043a\u0446\u0438\u0439<\/strong> (imposing sanctions) and \u043e\u0431\u0432\u0430<\/span>\u043b \u0440\u0443\u0431\u043b\u044f<\/span><\/strong> (the plunge of the ruble). Many expatriate top managers, who used to rent these apartments, left Russia following the sanctions (“\u041f\u0435\u0440\u0432\u044b\u0439 \u0443\u0434\u0430\u0440 \u043f\u0440\u0438\u043d\u044f\u043b\u0438 \u043d\u0430 \u0441\u0435\u0431\u044f \u043a\u0432\u0430\u0440\u0442\u0438\u0440\u044b \u0432\u0435\u0440\u0445\u043d\u0435\u0433\u043e \u0438 \u043f\u0440\u0435\u043c\u0438\u0430\u043b\u044c\u043d\u043e\u0433\u043e \u0446\u0435\u043d\u043e\u0432\u043e\u0433\u043e \u0441\u0435\u0433\u043c\u0435\u043d\u0442\u0430, \u043a\u043e\u0442\u043e\u0440\u044b\u0435 \u0442\u0440\u0430\u0434\u0438\u0446\u0438\u043e\u043d\u043d\u043e \u0441\u043d\u0438\u043c\u0430\u044e\u0442 \u0438\u043d\u043e\u0441\u0442\u0440\u0430\u043d\u043d\u044b\u0435 \u0442\u043e\u043f-\u043c\u0435\u043d\u0435\u0434\u0436\u0435\u0440\u044b<\/strong>“). Premium property rent is\u00a0mainly charged in US dollars or euros (“\u0421\u0442\u0430\u0432\u043a\u0430 \u043d\u0430 \u0436\u0438\u043b\u044c\u0435 \u043f\u0440\u0435\u043c\u0438\u0443\u043c- \u0438 \u0431\u0438\u0437\u043d\u0435\u0441-\u043a\u043b\u0430\u0441\u0441\u0430, \u043a\u0430\u043a \u043f\u0440\u0430\u0432\u0438\u043b\u043e, \u043f\u0440\u0438\u0432\u044f\u0437\u0430\u043d\u0430 \u043a \u0434\u043e\u043b\u043b\u0430\u0440\u0443 \u0438\u043b\u0438 \u0435\u0432\u0440\u043e<\/strong>“). Only half of landlords have switched over to rubles (“\u043f\u0435\u0440\u0435\u0448\u043b\u0438\u00a0\u043d\u0430 \u0440\u0430\u0441\u0447\u0435\u0442\u044b \u0432 \u0440\u0443\u0431\u043b\u044f\u0445<\/strong>“) or agreed to use October’s exchange rate (“\u0437\u0430\u0444\u0438\u043a\u0441\u0438\u0440\u043e\u0432\u0430\u043b\u0438 \u043a\u0443\u0440\u0441 \u043d\u0430 \u0443\u0440\u043e\u0432\u043d\u0435 \u043e\u043a\u0442\u044f\u0431\u0440\u044f<\/strong>“). As a result, many top-tier rentals are going for less or staying vacant.<\/p>\n

Economy Class Properties<\/h2>\n

At the same time, what they call “economy-class” rentals were not affected as drastically. \u0420\u0411\u041a reports<\/a>,”\u0412 \u044d\u043a\u043e\u043d\u043e\u043c\u043a\u043b\u0430\u0441\u0441\u0435 \u0446\u0435\u043d\u044b \u043f\u0430\u0434\u0430\u044e\u0442 \u043c\u0435\u0434\u043b\u0435\u043d\u043d\u0435\u0439<\/strong>.” Some realty experts are hoping to see an influx of new “economy-class” renters following the Central Bank of Russia raising the interest rate<\/a>\u00a0(\u043a\u043b\u044e\u0447\u0435\u0432\u0430<\/span>\u044f \u0441\u0442\u0430<\/span>\u0432\u043a\u0430<\/strong>), which made mortgages (\u0438\u043f\u043e\u0442\u0435<\/span>\u043a\u0430<\/strong>) less affordable:<\/p>\n

\u041a\u043e\u0433\u0434\u0430 \u0411\u0430\u043d\u043a \u0420\u043e\u0441\u0441\u0438\u0438 \u043f\u043e\u0434\u043d\u044f\u043b \u043a\u043b\u044e\u0447\u0435\u0432\u0443\u044e \u0441\u0442\u0430\u0432\u043a\u0443 \u0434\u043e 17%, \u043e\u043d \u043f\u0440\u0430\u043a\u0442\u0438\u0447\u0435\u0441\u043a\u0438 \u0443\u0431\u0438\u043b \u0438\u043f\u043e\u0442\u0435\u043a\u0443, \u0438 \u043a\u0430\u043a \u043a\u0430\u0436\u0435\u0442\u0441\u044f \u043d\u0435\u043a\u043e\u0442\u043e\u0440\u044b\u043c \u043d\u0430\u0431\u043b\u044e\u0434\u0430\u0442\u0435\u043b\u044f\u043c, \u0442\u0435, \u043a\u0442\u043e \u0445\u043e\u0442\u0435\u043b \u043f\u043e\u043b\u0443\u0447\u0438\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442, \u0442\u0435\u043f\u0435\u0440\u044c \u0431\u0443\u0434\u0443\u0442 \u0432\u044b\u043d\u0443\u0436\u0434\u0435\u043d\u044b \u043e\u0442\u043a\u0430\u0437\u0430\u0442\u044c\u0441\u044f \u043e\u0442 \u044d\u0442\u043e\u0439 \u0438\u0434\u0435\u0438 \u0438 \u0432\u044b\u0439\u0434\u0443\u0442 \u043d\u0430 \u0440\u044b\u043d\u043e\u043a \u043d\u0430\u0439\u043c\u0430.<\/strong><\/p>\n

Others counter this argument saying that people who would consider a mortgage but now cannot afford it are currently renting, anyway, and will stay in their current arrangement, while the drop in mortgages will increase rental supply even more (“\u044d\u0442\u0438 \u043b\u044e\u0434\u0438 \u0438 \u0441\u0435\u0439\u0447\u0430\u0441 \u0447\u0442\u043e-\u0442\u043e \u0441\u043d\u0438\u043c\u0430\u044e\u0442, \u0437\u043d\u0430\u0447\u0438\u0442, \u0441\u043f\u0440\u043e\u0441 \u043d\u0435 \u0443\u0432\u0435\u043b\u0438\u0447\u0438\u0442\u0441\u044f, \u0430 \u0432\u043e\u0442 \u043f\u0440\u0435\u0434\u043b\u043e\u0436\u0435\u043d\u0438\u0435 \u0437\u0430 \u0441\u0447\u0435\u0442 \u0437\u0430\u043a\u0440\u044b\u0442\u0438\u044f \u0438\u043f\u043e\u0442\u0435\u043a\u0438 \u043f\u043e\u0439\u0434\u0435\u0442 \u0432\u0432\u0435\u0440\u0445<\/strong>“). Experts also point out that rental supply (\u043f\u0440\u0435\u0434\u043b\u043e\u0436\u0435<\/span>\u043d\u0438\u0435<\/strong>) has steadily risen, while demand (\u0441\u043f\u0440\u043e\u0441<\/strong>) has fallen over the last few years (“\u0412 \u043f\u043e\u0441\u043b\u0435\u0434\u043d\u0438\u0435 \u0433\u043e\u0434\u044b \u0447\u0438\u0441\u043b\u043e \u0438\u043d\u0432\u0435\u0441\u0442\u043e\u0440\u043e\u0432, \u043a\u043e\u0442\u043e\u0440\u044b\u0435 \u043f\u043e\u043a\u0443\u043f\u0430\u044e\u0442 \u043a\u0432\u0430\u0440\u0442\u0438\u0440\u044b \u0434\u043b\u044f \u0441\u0434\u0430\u0447\u0438 \u0432 \u0430\u0440\u0435\u043d\u0434\u0443, \u0443\u0432\u0435\u043b\u0438\u0447\u0438\u0432\u0430\u043b\u043e\u0441\u044c, \u0430 \u0447\u0438\u0441\u043b\u043e \u0430\u0440\u0435\u043d\u0434\u0430\u0442\u043e\u0440\u043e\u0432 \u2013 \u0441\u043d\u0438\u0436\u0430\u043b\u043e\u0441\u044c<\/strong>“).<\/p>\n

What does it mean for the average Moscow\u00a0person? \u00a0Rents may be lower; however,\u00a0that does not necessarily mean they are more more affordable if inflation eats into people’s\u00a0income too much. Owners may be hurt, too, as they will need to accept lower payments for renting out their properties. What do you think? Do you know anyone in Moscow who is affected by the changing market?<\/p>\n","protected":false},"excerpt":{"rendered":"

A lesser explored consequence of the economic sanctions against Russia and the falling ruble is a drop in rent prices\u00a0(\u0441\u043d\u0438\u0436\u0435\u043d\u0438\u0435 \u0441\u0442\u043e\u0438\u043c\u043e\u0441\u0442\u0438 \u0430\u0440\u0435\u043d\u0434\u044b) in Moscow. There are several news reports looking into the causes and outcomes of this development. The website BFM.ru used\u00a0this pun as a title for an article on the subject — “\u0412\u0440\u0430\u0433\u0443 \u043d\u0435…<\/p>\n

Continue Reading<\/a><\/p>","protected":false},"author":113,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":""},"categories":[179],"tags":[911,224238,2203,11865],"class_list":["post-7261","post","type-post","status-publish","hentry","category-news","tag-current-events","tag-economics","tag-housing","tag-rent"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blogs.transparent.com\/russian\/wp-json\/wp\/v2\/posts\/7261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.transparent.com\/russian\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.transparent.com\/russian\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.transparent.com\/russian\/wp-json\/wp\/v2\/users\/113"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.transparent.com\/russian\/wp-json\/wp\/v2\/comments?post=7261"}],"version-history":[{"count":5,"href":"https:\/\/blogs.transparent.com\/russian\/wp-json\/wp\/v2\/posts\/7261\/revisions"}],"predecessor-version":[{"id":11102,"href":"https:\/\/blogs.transparent.com\/russian\/wp-json\/wp\/v2\/posts\/7261\/revisions\/11102"}],"wp:attachment":[{"href":"https:\/\/blogs.transparent.com\/russian\/wp-json\/wp\/v2\/media?parent=7261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.transparent.com\/russian\/wp-json\/wp\/v2\/categories?post=7261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.transparent.com\/russian\/wp-json\/wp\/v2\/tags?post=7261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}