Russians named criteria when buying real estate for rent

20% of Russians consider the possibility of buying real estate for rent. At the same time, investment preferences and strategies vary significantly depending on the age of potential landlords. The analysts of the Level Group company told Izvestia about this on June 15.

It turned out that the younger generation between the ages of 18 and 28 shows the greatest interest in daily rent: 21% see it as a promising source of income. They often choose apartments based on the convenience for tenants, rather than the cost of housing. At the same time, every fifth representative of this age group considers this format to be unprofitable.

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Some of them have also begun to reduce the attractiveness of such a product to customers.

Skepticism is increasing among Russians aged 29-38: 25% of respondents doubt the profitability of daily rent at current rates, although 22% still consider it as an additional income. In the 39-45 age group, one in four (24%) is interested in this type of investment, but the same number (25%) are confident in its unprofitability.

"The daily rental market has grown by 37% over the year due to an increase in domestic tourist traffic and potentially higher profitability compared to long—term rentals," Level Group analysts noted.

Experts stressed that a good location, a good neighborhood and a well-developed infrastructure are important for a successful daily rental, while the view from the window and the high floor affect the cost, but are not the determining factors.

The criteria for choosing investment housing also depend on the age of the buyers. For young people aged 18-28, the key factors are fresh renovation (33%), proximity to the metro (28%) and relatively low price (28%). At the age of 29-38, the cost of an apartment comes first (40%), followed by the quality of repairs (27%) and transport accessibility (22%). Among Russians aged 39-45, price is becoming an even more significant factor (42%), followed by proximity to the metro (26%) and the condition of housing (27%).

The study also showed that parameters such as parking, greenery in the courtyard and the view from the window are less important for all age groups when choosing an investment property.

Analysts of the Yandex Rent service reported on June 4 that since the beginning of the year, all million-plus cities have shown an 8% reduction in the cost of rental housing. In their opinion, this is due to the growing supply and entry into the market of long-term rental apartments from the mass segment, including unsold secondary real estate.