Price to Rent Ratio in Russia increased to 173.64 in the first quarter of 2022 from 164.21 in the fourth quarter of 2021. This dataset includes a chart with historical data for Russia Price to Rent Ratio.

Mexico was one of the economies where house prices increased the most between 2016 and 2024, rising by nearly ** percent during that period. The growth rate of housing prices from 2015 to 2023 in Russia was even higher, but the 2024 data for that country was not yet available. Meanwhile, Poland and the U.S. were among the countries where rents increased the most from 2016 to 2024.

The average rent for shopping center real estate in Moscow remained constant over the given period for both listed categories. Namely, a mean rent of prime shopping centers was set at an annual *** thousand Russian rubles per square meter, which was over ******* higher than the rental rates of average quality shopping centers in the city.

 Major real estate developers in Russia

In 2020, PIK Group, which specializes in a premium residential and commercial real estate construction mainly in Moscow and Moscow region, was the leading real estate developer in the country, by the area under development. The second major market payer was the Saint Petersburg based LSR Group, with an estimated revenue of *** million Russian rubles, and ** thousand employed personnel, as of December 2019.

The coronavirus (COVID-19) impact on the market

The coronavirus outbreak at the beginning of 2020 in Russia, lead to real estate demand growth, as a result of which rise in prices of the secondary residential properties was observed in major cities countrywide. The pandemic had its negative effect on commercial real estate as well, given the social distancing requirements imposed by the government. In Moscow, the shopping mall traffic was reported a historic low in April of 2020.

Personal and household goods rental and leasing revenue is forecast to contract at a compound annual rate of 0.2% over the five years through 2025 to €23.8 billion, including an estimated hike of 1.1% in 2025. As technology and appliances become more affordable, consumers and businesses increasingly prefer owning rather than renting. The trend against rentals is robust in countries like Poland and Italy, which have the lowest EU prices on home appliances and electronics. However, the rental market remains viable for short-term needs such as those of international students, accounting for a significant portion of rentals in countries like France and Spain. Buy-now-pay-later is driving a shift from renting to buying, especially among younger shoppers who like interest-free payments at checkout. Retailers now partner with providers like Klarna and Afterpay, which puts pressure on rental companies. In response, renting companies offer options such as rent-to-buy and rent-to-own. Some, like Grover, use flexible rental terms to appeal to wider groups. Rentals that adapt could defend revenue, but competition will increase. While the profitability of the rental industry has suffered due to lower electronics prices and increased sourcing from low-cost countries, rental companies have sustained their profit through multiple rentals over the lifespan of their equipment. Revenue is forecast to expand at a compound annual rate of 3.2% over the five years through 2030 to €27.8 billion. Major electronic retailers are cutting prices to boost competitiveness, threatening income. With strong economic conditions expected in Germany and France, consumers will likely enjoy higher disposable incomes and spend more on goods. This increase in purchasing power should drive up sales of electronic items, making these appliances more accessible to a wider range of people and boosting growth in the rental sector. Still, sustainability is driving demand for rental companies that focus on eco-friendly products and efficient processes. European consumers increasingly choose goods that last longer, are easy to repair and have less environmental impact. Rental companies are extending product lifespans by refurbishing items, while regional logistics hubs cut transport emissions and costs. These changes help reduce waste and carbon emissions, and support steady revenue growth as sustainability becomes a key priority in the market.