In the past year, the restrictions introduced around the world amid the pandemic had a negative impact on many industries, including the real estate market. According to the results of the of 2020, the market for investments in real estate in St. Petersburg showed a negative change: the total volume of investments amounted to $776 million, which is 36% lower than in the same period last year ($1,220 million). At the same time, if in 2019 a large share of the amount of transactions fell on transactions with standing assets (74%), then in 2020 the demand of investors was shifted to plots for residential development (67%). According to the results of 2020, the volume of transactions with land plots amounted to $ 521 million. At the same time, 90% or $ 500 million was formed by the acquisition of land plots for residential development.