After the resumption of economic activity, rates will not return to their previous, pre-pandemic, level, believes Pavel Lutsenko, general director of the World of Apartments portal.
MOSCOW, May 6. / TASS /. Renting apartments in the largest cities of Russia by July 2020 may fall in price by 20% due to the situation with the coronavirus. Pavel Lutsenko, general director of the federal portal World of Apartments, announced this to TASS on Wednesday.

“If it goes at such a pace, then by July the rates may fall by 10-20%. It all depends on when the quarantine ends and economic activity resumes. However, even after its resumption, rates will not return to their previous, pre-pandemic, level, since many tenants have suffered losses and are no longer ready to pay as much as before, ”Lutsenko said.

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According to the study of the federal portal, which covered 70 cities of the Russian Federation with a population of more than 300 thousand inhabitants, by the end of April 2020, one-room apartments fell in price in 47 cities out of 70, two-room apartments - in 50, three-room apartments - in 57.

On average, in all cities, "odnushki" decreased in price by 1.8%, "kopeck piece" - by 2.5%, "three-ruble note" - by 3.7%.
According to Lutsenko, rented apartments in cities with a population of one million and regions with high activity, where the outflow of labor migrants has occurred due to the coronavirus, fell the most. So, most of all in April rental rates fell in Kirov, Novosibirsk, Yekaterinburg, Kazan, Rostov, Ufa, Krasnodar, Moscow, Moscow region, Volgograd and Sochi. A noticeable decrease was also observed in Belgorod, Krasnoyarsk, Samara and St. Petersburg.

Now a rented one-room apartment in Russia costs an average of 13.1 thousand rubles a month, a two-room apartment - 17.4 thousand, a three-room apartment - 23 thousand.