How things are after self-isolation

The gradual removal of self-isolation in the context of the COVID-19 pandemic encourages the revival of the rental housing sector in the capital. 

In may 2020, more than 25% of renters in Moscow received discounts on rental housing payments. As a result, the average rates on the housing rental market in Moscow decreased as a result of the quarantine. Realtors recorded in April a drop in demand by 80%, in may the rental market began to recover gradually.

Since the beginning of June, demand from tenants has increased, as the requirements for self-isolation of the population of Moscow began to soften. This was reflected in the rental market: 33 increased demand for one-bedroom apartments; 30% for two-bedroom; 27% – on three. The number of people who want to rent studios increased by only 7%. This trend is due to the fact that 1, 2, 3-room housing is usually rented together: several people or families. 

Analysts note that since the threat of a pandemic has not been eliminated, the emerging trends in the real estate market will continue until November-December 2020.

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