Muscovites turned away from expensive leased accommodation

Muscovites have turned away from expensive rental housing in March 2020, the demand for high-end properties fell by 30 percent compared to last year. This is stated in the material Savills, placed at the disposal “of the”.

“this is not surprising because in the current adverse conditions, potential tenants are not willing to make deals and move to a new home is delayed,” — say the experts of the company. In their opinion, the current dynamics may affect the pent-up demand in August and September.

the Greatest demand in March was apartments with one and two bedrooms — 41 and 32 percent of client requests, respectively. On the market offers observed a different situation — were presented two bedroom lots (34 percent exposure). The average budget of the proposals amounted to 312 thousand rubles per month.

the Most popular with customers are the apartments in the area of Leningradsky Prospekt (next to the Coastal street) 13 per cent, and in the location Arbat-Kropotkinskaya (seven percent of all sold lots). Noticeable demand for rental apartments in areas Lubyanka-Kitai-Gorod and Tverskaya-Kremlin (for 6.5 percent of demand, respectively) and Patriarch’s ponds (6.4 per cent of demand).