If you are moving to Russia, finding accommodation will be one of your priorities. Here is an overview of the country's rental market.
Following the radical turn taken by Russia in the early 90s during the fall of the Soviet regime, the whole country has been affected. No sector, including the real estate market, has been spared by the economic boom whereby rent prices have considerably increased. Hence, you will rather need patience before finding affordable accommodation in Russia. Rent prices, in many regions, are quite high.
However, most Russian cities have a pleasant environment and a dynamic lifestyle to which you should not have much trouble to adapt yourself.
In general, you will need between 300 and 500 euros per month to rent a studio in Russia while you will spend some 800 to 1,200 euros monthly for a modern city apartment. In downtown, rent prices start at some 450 euros monthly. Note that Moscow, the Russian capital city, is the most expensive city in terms of rent. But you can still manage to find accommodation at affordable prices in some neighborhoods.
If you prefer luxury and great comfort, you will need some 4,600 euros per month for a penthouse, and some 8,500 euros per month to rent a house. You can also find housing units as from 500 to 800 euros per month.
Good to know:
As regards apartments, you may choose between standard, average or poor quality apartments, luxury and high standing apartments including those who have been renovated, as well as above average apartments dating from the Soviet era and which are currently undergoing renovations and western style apartments which are practical and comfortable.
Like in many European countries, you are required to subscribe to a housing insurance, which will costs around 0.5 to 1% of the total rent price. Note that rent is to be paid either on a monthly or on a quarterly basis, in cash. If you have chosen a luxury apartment, rent is likely to be paid in US dollars.
Good to know:
Once you have found the accommodation which best suits your needs, you will have to pay an advance which is equal to a month's rent.
Moreover, the rent document should consist of two copies: one in Russian and the other in your mother-tongue. If you intend to rent the accommodation for more than a year, you will have to register the lease document with the State Registry Office in the owner's presence. This process can be quite long.
In case you wish to terminate the lease, you are required to give the owner a one to three month notice. However, the owner is not allowed to terminate the lease unless you are not complying with the lease conditions.
According to Russian laws, tenants may also sub-let their accommodation to a third party. They may also carry out renovation works with the owner's consent.
You are advised to seek the assistance of real estate professionals during your accommodation search in Russia. Thus, you will have clear details about the units you have selected, such as the state of the bathroom, kitchen storage spaces, water installation, proximity to amenities, etc. But you can also inquire on these yourself during a meeting with the owner if you can speak and understand Russian.
Otherwise, you can check out accommodation offers in classified ads in local newspapers or on the internet. Word of mouth may also help if you have friends or contacts in Russia.
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