Economy Apartments Fetching More

The supply of apartments in Khrushchev-era buildings is dwindling, while demand remains high and prices rise. Rental rates for economy-class apartments in Moscow surged 15 percent to 25 percent in the first quarter of 2011 as compared with the first three months of last year, fueled by dwindling supply and stable demand, a real estate agency said Monday. Average rental rates for a one-room apartment stood […]