Property owners have begun to reduce prices for rental housing

Since lease payments is a significant item of expenditure, many employers who are in a difficult situation due to the epidemiological situation in the country, appealed to his landlord asking for the discounts and delays of payments, says the managing Director of the company “MIEL-rent” Maria Zhukov. Most landlords agree to reduce the fee for the period of isolation and quarantine measures. The discount and terms on which it will be provided, in each case, are discussed separately and depend on personal agreements between the parties. Sometimes discount up to 50%.

“it is obvious that the owners go to the dialogue. And they do it in order to, first, to support our tenants in difficult circumstances, and secondly to keep them. They understand that a period of isolation – not the best time to find new tenants. And if the tenants live is not the first year, regularly pay rent and observe all the terms of the contract, the landlord especially will try those leases to preserve and agree to the discounts and installment plans,” – said Zhukov.

“Many owners are sensitive to the financial difficulties of tenants, confirms the Deputy Director of Department of rent of apartments “INKOM-real Estate” Oksana Polyakova. – While discounts and deferment of payments – only the good will, and not the duty of the landlords”. According to the company, the property owners agree to reduce payments by 10-20% in 1-2 months.

According to the analytical center CYANOGEN, competition in the capital market of rent increases. In April for long term rent in Moscow are invited 33.5 thousand apartments, which is 11% more than in early March. “During the same period, the number of apartments for rent decreased by 4% – that is, the part of the investor focused on long-term lease in the absence of tourists. In addition, the growth of supply in the long term contributes to the relocation of some tenants from Moscow to the regions, due to cuts in companies and quarantine,” – said the head of the analytical center Alexei Popov.

All of this affects prices: the average rate of long-term rent in Moscow (all room types) – 54,2 thousand rubles, which is 7% lower than at the beginning of March, and 7.8% lower than in early February). However, the option of moving to cheaper housing now, few tenants considering.

“Move with the introduction of passes for getting around the city is no easy task. Yes, and the search for a new tenant the owner may be delayed indefinitely. Therefore, the landlords themselves are not interested in the fact that the current tenant was urgently moved out – much easier to lower rental rates than to lose several weeks in a “simple” apartment”, – said Popov.

For the first�� weeks of isolation, the number of applications for rental apartments in Moscow decreased by 20%, according to “Incom-Nedvizhimost”. The demand is provided by internal migrations, living in Moscow tenants from other regions of Russia (about one third of applications) and the countries of the former Soviet Union (two-thirds of requests). Individual requests come from residents wishing for a period of quarantine to move into my own apartment – for example, for a remote operation, the company States.