According RBK Nedvizhimost portal the total offer volume of Moscow elite rental market enlarged by 13%.
But this index is 23% lower than the corresponding data of the May, 2010 end. Last month analysts registered the recover of offer volume to the March indexes level. But specialists suppose that it’s early to claim the volume extension tendencies.
They explain the increase by traditional seasonal market filling. Plenty of objects are offered for the period of summer vacations until the start of the study year.
The lack of offers and stable demand resulted in the 5% price rise for rentals in Arbat, Kropotkinskaya and Tverskaya areas (in comparison with April, 2011).
On the whole the average specific rental rate made up in May, 2011 $341 for a square meter (it’s 13% higher than analogical indexes of May, 2010).