Survey: Renters optimistic about moving plans, despite pandemic

Real Estate | 23 Mar |

Flexibility and ease of movement have always been some of the main advantages of renting.

But what about now, in the time of the pandemic, with local governments imposing restrictions on movement?

At the end of last week, researchers asked renters looking for homes on RENTCafe.com if their plans for moving are affected by the new situation. Their responses are surprisingly optimistic.

• 56% of respondents said they would move as soon as they find an apartment, despite the ongoing viral threat. Only 8% decided to put their search on hold, while 3% are undecided.

• When asked about their concerns, 45% of renters answered they aren’t concerned with the current events unfolding, while 18% admitted having thoughts on whether it’s safe to move or not.

• Only 13% responded that they are willing to postpone their move until they feel safe, 9% are holding on until the authorities handle the situation, while a staggering 60% say they are not postponing their move.

• When asked if the current situation will change the way they search for apartments, 51% say nothing will change. 17% claim they make their decision based on online information, while just 4% declare they will avoid visiting properties altogether during this time. 

The RENTCafé survey ran between March 18th and 20th and helps to show that renters keep their hopes high when it comes to moving, despite the troubling times.

The full results of the RENTCafé survey, represented with infographics, can be accessed here:

https://www.rentcafe.com/blog/rental-market/real-estate-news/survey-of-renter-perception-on-moving-during-covid-19-pandemic-indicates-surprising-optimism/

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