Demand for rental apartments in Moscow fell by 80% over the last month

the demand for rented country house has increased by 10 times

Photo: Evdokiy/shutterstock

In April 2020, the demand for rental apartments in the Metropolitan area decreased by 76% compared to the same period of 2019, while the suburban real estate — has increased by nearly ten times. This is stated in the analytical materials real estate agencies «MIEL-rent”.

The supply of apartments has decreased by 30% compared to the same period last year, and cottages for long term rent — 40%. This decrease is due primarily to the epidemiological situation in the country. Many homeowners are observing a regime of self-isolation, do not expose their objects to the market or remove them from exposure, said the managing Director of the company «MIEL-rent” Maria Zhukova.

The structure of demand for urban real estate in Moscow for a month practically has not changed. Approximately 70% of the demand for apartments worth up to 30 thousand rubles. per month and about 5% — the apartment cost above 100 thousand.

At the suburban real estate market the greatest demand, as before, are the objects of value from 50 thousand to 80 thousand rubles. per month. We are talking about homes with a convenient location, modern furniture and appliances, and communications, should be the message.

In may the demand for property began to recover. The demand for the Russian real estate market in may increased by 47% compared with the lowest point falling at the beginning of April, as stated previously, analysts ‘Craigslist-real Estate”. The demand for suburban residential property because of the quarantine has doubled since the villas are the most comfortable housing for isolation, experts explained.

Elena Konnova


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