The supply of apartments on the Moscow rental market has grown by 26 percent in April, but demand has fallen by 10.8 percent, MIEL-Arenda said Monday in a report.
Meanwhile, demand for country houses has risen by 35 percent, reflecting a seasonal demand for summer housing in the Moscow region.
Supply on the countryside market is dwindling. Midrange cottages priced at $1,000 to $3,000 accounted for 38.7 percent of offers, compared with 21.7 percent for houses under $1,000.
In Moscow, apartments priced at $750 to $1,000 have seen supply increase by 46 percent, but they still accounted for only 34.1 percent of offers, compared with 38.8 percent for the $1,000-3,000 price range.
April also saw short-term offers, mostly budget apartments available with a discount, taking up 5 percent of the supply market.
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