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Real estate prices may fall by a third in Russia

... factors. These circumstances led to an unprecedented drop in demand - up to 75%, which may lead to lower prices. However, according to real estate experts, a public decline in apartment prices is still not worth waiting for in the nearest future. The developers can resort to a different mechanism - providing discounts through subsidized mortgage programs. As for the open discounts, they are still possible for the categories of expensive and the least liquid real estate. In case no new preferential ...

Mikhail Mishustin announced government measures to support business

... program; extension of the program for reimbursement of expenses that arise when using the domestic system of fast payments for another six months. Separately, a decision was made to support the IT sector - both employees and the companies themselves. Developers will be able to count on preferential mortgages and deferment from military service. The condition is work in domestic IT companies. The legal entities themselves will be exempted from paying income tax, as well as tax audits. The moratorium ...

Housing in new buildings may become cheaper in Russia

The Public Council under the Ministry of Construction came up with an initiative to create a special automated service for developers in the country. As conceived by the authors of the project, the innovation will reduce the cost of housing by 10-15%, which, as a result, will affect its final market price. The Public Council under the Ministry of Construction came up with ...

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