In terms of residential real estate market, there has been several things happening at once that could be observed across countries in Europe. At the same time, any negative impacts the pandemic might have on residential markets are considered to be mostly short-term. During the spring wave of pandemic in March and April 2020, almost all non-essential workers have stayed at home. This resulted in limited spending for specific types of goods and services and subsequently led to a higher volume of savings. In some countries, during lock-downs, citizens were able to save even 20% more of their income than during ordinary months.