Up to 7 million. What type of property can you purchase for this amount, and how much can you rent it out for?

The highest number of options for new housing within a budget of up to seven million rubles in the capital is found in TiNAO. Currently, the share of such offers in New Moscow and the Troitsky Administrative District is about 9%. These primarily consist of small-sized lots, mainly studios or one-bedroom apartments. This was reported by Evgeny Belokurov, the commercial director of "Yandex Real Estate."

In this location, prices for new housing start at 4.6 million rubles. For this amount, one can purchase a studio of 21.8 square meters in the Shcherbinka area. This lot is part of a comfort-class project, with the building's completion scheduled for the first quarter of 2025. The rental rate for such an apartment may start from 29,000 rubles per month if it is renovated.

The largest apartment available in this budget is also in the same project. It is a one-bedroom apartment of 38.3 square meters. The purchase price is nearly 7 million rubles. Rent can start from 39,000 rubles per month if the property has undergone cosmetic repairs.

— In the Moscow region, the share of new housing priced under 7 million rubles is higher, at 39.9%. More often in this budget, apartments are found in the Moscow region: their share of all this type of real estate currently stands at just over 53%. In Moscow, there are fewer apartments priced below seven million, making up 6.4% of the total, — added Evgeny Belokurov.

In the secondary market, the highest number of apartment options in the price segment up to 7 million rubles is also found in the Moscow region. The share of lots in this price segment from the total "secondary market" offerings in the Moscow region is 57.3%.

A fairly large selection of ready apartments up to 7 million rubles is available in New Moscow and the Troitsky District. The share of such lots from the total residential real estate offerings in TiNAO is about 21%.

The most budget-friendly option in the secondary market of New Moscow is a studio apartment of 14.2 square meters in a building constructed in 2016, located in Shcherbinka, just a 16-minute walk from the Ostafyevo MCD station. The apartment is being sold without repairs. Purchasing such housing will cost 3 million rubles, and renting it out after cosmetic repairs can yield a rental rate starting from 24,000 rubles.

— However, the rental price for both primary and secondary lots purchased for up to 7 million rubles can be higher if the apartment undergoes complete renovations, is furnished with appliances and furniture, and includes interior design, — added Evgeny Belokurov.

When it comes to non-residential real estate, several important factors must be considered before purchasing. Firstly, one must be prepared to register as an individual entrepreneur (IE). While residential properties can be rented out by individuals or self-employed persons, renting non-residential properties requires opening an IE. Self-employed individuals can rent residential premises but cannot do so for non-residential ones. Failing to register as an IE while regularly earning income from renting commercial properties may lead to issues with the tax authorities.

It is worth noting that non-residential real estate also includes apartments. Consequently, all legal norms applicable to non-residential premises are relevant to them.

Secondly, one should be prepared to sign direct contracts with each utility service provider. As a result, one will ultimately need to pay about five different bills, whereas owners of residential properties receive one consolidated bill for utilities.

These are just a few minor nuances to be aware of before purchasing a non-residential property. Nevertheless, from the perspective of investment and rental yield, investing in commercial real estate can be significantly more profitable.

For up to 7 million rubles, one can purchase a non-residential space on the first floor of a residential building in areas near the MKAD, ranging from 15 to 25 square meters. Such spaces can be rented out for 50,000 to 70,000 rubles.

— In addition to residential properties, one can acquire a storage space or parking spot within a budget of up to 7 million rubles. In Old Moscow alone, over 13,000 parking spots and more than 9,500 storage units are available within this budget. It should be noted that the payback period for parking spots when rented out is over 10 years, not accounting for rental rate indexation. Rental prices vary greatly depending on the location of the residential complex, — stated Dmitry Starshinin, the CEO of the new construction sales service SPN24, a partner in the new development projects of Est-a-Tet.

In areas with a shortage of parking spaces, where many streets prohibit parking, or with paid street parking, rental prices will be significantly higher than in areas where street parking is permitted.

According to Dmitry Starshinin, a parking spot in an underground garage costing around 2.5 million rubles can be rented out for 10,000 to 15,000 rubles per month. There are also more expensive parking spot rental offers. For example, in large residential complexes, they can be rented for 20,000 rubles per month. Currently, parking spots in these complexes can be purchased starting from 2.6 million rubles.

— Residential complexes with planned phased construction of several stages are particularly attractive for investment. Purchasing a non-residential space in the first phase of such a residential complex is a smart investment, as increased traffic allows for the potential indexation of the rental rate. Once the complex is fully occupied, such an asset can be sold as an established rental business for 12 to 15 million rubles. It is worth noting that small spaces of around 30 square meters remain the most liquid format, — explained Tatyana Kozlova, Deputy General Director of Astrum Real Estate Management, which manages the commercial infrastructure of the Granel Group.

With 7 million rubles, one can purchase a 207 m2 class A warehouse in the Moscow region, with a well-known logistics company as the anchor tenant. A long-term lease agreement has been signed with the tenant, including the option for renewal and annual rental rate indexation based on inflation. This was reported by Elena Mikhaylova, head of the marketing research and analytics department at PARUS Asset Management.