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Moscow luxury-home rents to rise as wealth spreads

Posted on 30 November 2010

From Bloomberg: Moscow luxury-home rents will rise about 15 percent next year as the expanding economy and a government plan to attract foreign technology companies fuels demand, Penny Lane Realty said.
The average monthly rent for high-end apartment is currently about $4,000, according to Vadim Lamin, head of prime residential properties at the Moscow-based property broker. Rents range from $2,000 for a studio to $35,000 for a 600- square-meter (6,500-square-foot) apartment, Lamin said……………………………………….Full Article: Source

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