The expert spoke about the growth of investments in rental housing

Slowing price growth in the secondary market, lower deposit yields and the upcoming summer rental demand make spring a good time to invest in rental real estate. Alexander Chernokulsky, director of Zhilfond, told Izvestia on April 26.

The average price per square meter on the secondary market in March 2025 was 114 thousand rubles, which is only 4.86% higher than a year earlier.

In the first quarter of 2025, rental rates decreased by 2.5–10%, depending on the city, but experts consider this to be a temporary phenomenon.

"The price adjustment is related to a seasonal drop in demand, but there are no prerequisites for a long-term decline. Mortgages remain unaffordable (resale rates are 28.41%), so rental demand will only grow," Chernokulsky said.

Already in the summer, especially in August and September, the excitement traditionally begins due to students and those returning from vacations.

The decline in rental prices will stop in May, and a sharp increase is expected in the summer. Now is the best time for tenants and investors: you can have time to buy an apartment, renovate and rent it out during the peak season.

"Another factor is the drop in deposit rates: in early April, the average interest rate in the top 10 banks dropped to 20.05%. When depositors run out of deposit time, many people think about investing in real estate. The conditions for this are optimal now," Chernokulsky summed up.

The information in the material is not an investment recommendation.

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On April 20, analysts at Razvitie Group spoke about the growing demand in the real estate rental market. They noted that the number of apartments for long—term rent increased by 4.2% compared to February 2025, and by 28% compared to the end of 2024.