Almost 90% of the apartments in Moscow are rented "gray" according to market participants, about 500 thousand apartments out of almost 5 million are offered for rent in Old Moscow. At the same time, less than 10,000 rental agreements are registered in Rossreister. About 97% of the market falls on private owners. Taxes on rental income are paid for no more than 30% of rental apartments, but the actual share may be even lower. Many owners avoid registration.