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Moscow - Accommodation & Property

Finding a place to live in Moscow can be as difficult as finding a job. Lower priced apartments in industrial areas of the city, such as the South East and East sectors, are in great demand due to their affordability, and typically only offer one room with very basic features.

If you will be working in the city's center and desire an apartment close to work, expect to pay about $2,500 per month for a one room apartment, or $1,500 per month for a studio apartment.

Purchasing a home in Moscow is also an expensive proposition. Due to the current economic situation of Russia, sale prices for homes are dramatically rising. For example, home prices rose 30 percent in 2007 alone.

In the outskirts of the city, you can expect to pay about $4,000 per square meter (11 square feet), or $400,000 for a 1,100 square foot home. Near the city center and in Moscow's more prestigious districts, you can expect to pay between $6,500 and $8,000 per square meter, or between $650,000 and $8,000 for a 1,100 square foot property. Purchase prices can go as high as $40,000 per square meter for central city flats.

Because it takes an average of one month to find and secure a long term apartment in Moscow, you may wish to opt for a short term apartment for your arrival in the capital city. Short term apartments can be secured for about $85 to $100 per night; however, if you require an apartment that meets Western standards, with cable television and internet access, you can expect to pay between $150 and $200 per night. Short term apartments frequently come with maid service.

Expatriates in Moscow typically live close to one another, and congregate in a small number of neighborhoods. For example, Patryarshy Ponds, situated in the center of Moscow, is favored by expatriates because of its proximity to metro stops, and because several of the apartment buildings overlook a city park frequented by expatriates and Muscovites alike.

Chystye Prudy is another common destination for expatriates. This is a quiet neighborhood that is close to a large number of restaurants, as well as a pond where boat rides and ice skating are common activities.

Although apartments are listed in the Moscow Times and other city newspapers, searching for an apartment in this manner is a cumbersome process. There are numerous real estate agencies in Moscow that you can use to help you locate a home. Here are a few that offer English speaking services to help make your apartment finding experience easier:

GVA Sawyer
Address: Bernikovskaya Embankment House, First Floor Nikoloyamskaya ulitsa 13, str. 17
Telephone: 095-797-4401

Penny Lane Realty
Address: Znamenka Street 13/3
Telephone: 095-232-0099

Makosha International
Telephone: +7 (499) 252-5953

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