A Moscow backpacker needs to save for a prolonged period of 14 years.
Quick Take:Living in Zabaykalsk versus Moscow significantly impacts the timeline for owning a one-bedroom apartment. Here's a quick breakdown:
- Residents of Zabaykalsk, with an average salary of 85,600 rubles, would require over 14 years to afford a 14.8 million ruble apartment, saved from their entire income.
- In contrast, Moscow residents can manage the same purchase in around 8.2 years.
- The North Caucasus residents face the longest waiting period, possibly needing 27 to 30 years to save enough for an apartment.
Recent reports suggest that Zabaykalsk is planning to construct 800 rental apartments, while Chita observed an increase in daily rental costs. Delving deeper into this matter, we'll examine economic conditions, housing prices, and regional market dynamics to draw a clearer picture.
City by City:
Moscow:The capital city boasts a median home sale price of roughly $434,000 early in 2025. Despite a 17.1% price drop from the previous year, the housing market in Moscow typically remains expensive as it's the economic hub. On a positive note, rental prices have fallen by more than 25% over the past eight months, largely due to increased supply and lower demand.
Zabaykalsk:Though specific data on home prices in Zabaykalsk is scarce, smaller regions like this one generally offer more affordable housing options compared to Moscow. Zabaykalsk's affordability depends on the regional economy and employment opportunities.
North Caucasus:Similar to Zabaykalsk, home prices in the North Caucasus are not widely available. However, it's safe to assume that this region is also more economical than Moscow. Economic conditions and regional development projects can impact housing affordability and demand in the North Caucasus.
The Big Picture:Though Moscow is costlier due to its status as the capital, regions such as Zabaykalsk and the North Caucasus present more budget-friendly housing alternatives. Nevertheless, specific housing data for these regions is limited, and affordability can vary based on local economic conditions and market dynamics.
In the context of investment opportunities, exploring real-estate markets in regions like Zabaykalsk and the North Caucasus could potentially offer more affordable options compared to the expensive housing market in Moscow, owing to lower salaries and less expensive housing prices. However, it's crucial to consider the regional economy, employment opportunities, and market dynamics to ensure a profitable investment in the finance sector, particularly in the field of real-estate.
