The rental market in Russia highly differs from city to city. With Moscow being the top destination in Russia, 95% of expatriates are usually offered their new positions only in the capital. The Moscow rental market is extremely dynamic and constantly expanding. The demand exceeds the supply and rental prices are buoyant as a consequence.
The housing market in Moscow can be divided into two major categories: central/downtown housing and out-of-town/compound housing. Central housing is represented by apartments (both furnished and unfurnished options are available) that normally are most popular among singles, couples, and families with older kids. The central location provides a wide variety of entertainment, restaurants, sports, and other amenities. Also, such properties are normally located within easy reach of the assignee’s office and public transport (the Moscow Metro is very popular).
Out-of-town housing is represented by expatriate compounds, which consist of American-style townhouses or detached houses with gardens. Such properties are normally available unfurnished. Most of the main compounds have waiting lists or the number of available properties is very small. However, the countryside property market is developing very dynamically and today there are some interesting compounds, which may offer worthy alternatives. Generally, properties in such compounds belong to private owners and we can almost always find available options.
The first half of 2015 still witnessed an increase of USD/RUB exchange rate which was the main cause of rental prices gradually sliding down. As a result, the average budget of the offer decreased by 17%. The fixation of rental prices in Rub at a specific exchange rate is another measure the landlords resort to under the new market conditions. Previously, the rental prices for elite property were mostly fixed in USD. However, in spite of currency fluctuation, some owners still prefer offering their property in USD.
Standard Tenancy: Average 1 year, minimum 6 months
Security Deposit: Yes, equivalent to 1 month rent
Real Estate Commission: Yes, charges from tenant side equal to a monthly rent.
Utilities: All utility payments (heating, water, building, maintenance,
security/concierge if exists, etc) usually are landlord’s
responsibility except for payments for electricity, telephone calls
and monthly charges for satellite TV and Internet traffic.