EXPAT HOUSING OVERVIEW COVID-19 PERIOD RUSSIA H1 2020 Key Numbers H1 2020

The demand from corporate clients has decreased by more than a third since the beginning of the year -36% (comparing the periods January-June 2020 and January-June 2019).

+26% The volume of supply increased by 26% over the last year.

+17% In June 2020 there were 17% more requests from corporate clients than in May 2020.

Since the beginning of the year, the average supply budget in dollars decreased by 15% (due to changes in -15% the exchange rate).

Who is a Tenant

NATIONALITIES

34% of all requests from potential tenants, over H1 2020, were made by Russian citizens. The other 66% of requests were made by foreigners. Traditionally, the largest number of inquiries came from tenants from France - about 7% of the demand. Also, among foreign clients, citizens from Germany (5%), Italy and the USA (4%, respectively) showed interest in renting prime apartments.

SINGLE/FAMILIES

The share of families in the overall structure of demand is 92%. Interest in prime apartments came predominantly from potential tenants in the age range of 30 to 44 years old.

Chart Analysis of prime real estate tenant’s nationalities 1.1

Foreign citizens Russian citizens

Russian 34% French 7%

German 5% Italian 4% USA 4% British 2% Indian 1% Japanese 1%

1 | www.intermarkrelocation.ru Chart Dynamics of the supply of prime rental market 2.1 (January 2019 – June 2020) Supply

40% HIGH-BUDGET SUPPLY VOLUME INCREASED 35% BY 26% FROM THE BEGINNING OF THE YEAR 30% 25% Currently, we are seeing high competition in the 20% prime rental market in Moscow. The last time a 15% higher number of vacant apartments was in 10% 2009. 5% 0% In June 2020, the number of offers for rent -5% increased by 26% compared to the same period I II III IV V VI VII VIII IX X XI XII I II III IV V VI of last year, and by 38% compared to the 2019 2020 beginning of last year.

Chart Analysis of the most popular areas for living in Moscow Top 5 districts for supply 2.2 in terms of supply H1 2020 Arbat- –Kremlin Leninsky Prospekt Arbat-Kropotkinskaya Krasnopresnenskaya Tverskaya-Kremlin Leningradsky Prospekt Leninsky Prospekt Krasnopresnenskaya 2020 Leningradsky Prospekt -Kitay-Gorod, Chistye Prudy Zamoskvorechye As a year ago, around two-thirds of all supply was concentrated within five districts: Kutuzovsky Prospekt Arbat-Kropotkinskaya and Tverskaya-Kremlin Patriarshie Prudy (18% and 17, respectively), Leninsky Prospekt, Tsvetnoy Boulevard 2019 Krasnopresnenskaya and Leningradsky Prospekt Kuntsevo (approximately 9 -10% for each). Frunzenskaya Prospekt Mira Taganskaya Other

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