Subsidized mortgages cheaper than rent in some Russian cities
Sber compared mortgage and apartment rental costs for a 40 m² unit in 20 major Russian cities. In Vladivostok, Kaliningrad, Novosibirsk, and Yekaterinburg, preferential mortgages proved cheaper than renting.
Consensus
- The comparison was conducted for 40 m² apartments in 20 largest cities in Russia.
- The analysis compared monthly payments for subsidized mortgages and rental prices.
- In some cities, subsidized mortgage payments are lower than rental costs.
- In other cities, rental costs are significantly lower than mortgage payments.
- The comparison includes both subsidized and market-rate mortgages.
Points of divergence
- In Krasnodar, Rostov-on-Don, and Chelyabinsk, rent is up to one-third cheaper than mortgage payments. — tg_moscash
- In Rostov-on-Don, Chelyabinsk, and Krasnodar, rent is 34–37% cheaper than mortgage payments. — kommerzant
- In Moscow, rent is 60.2 thousand rubles and mortgage payment is 69.2 thousand rubles. — kommerzant
- In Vladivostok, Kaliningrad, Novosibirsk, and Yekaterinburg, subsidized mortgage is cheaper than rent. — tg_moscash
- In Volgograd, Moscow, Perm, Samara, Ufa, and Krasnoyarsk, subsidized mortgage is more expensive than rent but by no more than 10%. — kommerzant
- In Krasnodar, Omsk, Kazan, and Nizhny Novgorod, the difference is 17–26% in favor of rent. — kommerzant
Coverage (2 sources)
- Sber compared mortgage and rent for a 40 m² apartment in 20 largest cities of Russia — Московский кэш
- «Domclick»: where in Russia is it more profitable to buy, and where to rent an apartment — Коммерсантъ