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CIAN experts: renting apartment has become cheaper than mortgage

... the rise in housing prices, CIAN believes that it is easier to buy now than in 2015. However, 2019 was the most profitable year for buying real estate. At the moment, a family with two working people in million-cities needs 4.7 years to purchase an apartment of 54 sq.m. However, this condition is valid if the housing is purchased on the secondary market, and all income for almost 5 years will be saved. For comparison, it took 3.9 years in 2019 and 4 years in 2020. However, figures vary by region....

The court seized an apartment from a resident of Moscow over illegal alterations

The Butyrskiy District Court ruled to sell an apartment in Moscow at a public auction. The reason for this was illegal alterations - the reconstruction was revealed by the Moscow Housing Inspectorate 3 years ago. The owner of a three-room apartment in the north-east of the capital (Dmitrovskoe ...

DEPUTIES FROM ST.PETERSBURG PROPOSED TO LIMIT THE NUMBER OF PETS IN APARTMENTS

... parliamentarians of the Legislative Assembly of the northern capital took an initiative to limit the number of cats and dogs living in one living space. The reason for such measures was the reports that sometimes entire animal shelters are organized in apartments, which does not suit the neighbors. The chairman of the Regional Parliament's Committee on Legislation Denis Chetyrbok has already stated that the concept of the initiative is clearly formulated and the first thing that is important to solve ...

Moscow mortgage monthly payments reached 177 thousand roubles

... real estate the minimum rate is 14.89%. This means that the loan monthly payment will be from 90.3 to 91.9 thousand roubles. "Dom.RF" bank offers to take a mortgage loan at 19.5% per annum, regardless of whether the client is going to buy an apartment in a new building or in the secondary housing market. The credit institution indicates on its website that in this case, the citizen must receive at least 192.4 thousand roubles of income per month, 115.4 thousand of which he will have to pay ...

A DECISION TO SELL THE ONLY HOUSING OF A FOUNDER OF TRAVEL COMPANY WAS MADE IN YEKATERINBURG

... daughter in 2017. However, the financial manager managed to challenge the deal. First, the decision of the court of first instance recognized the transaction as legal. However, the court of appeal (17 AAI) made a different decision and returned the apartment back to the bankruptcy estate. An attempt to appeal the decision in cassation did not bring success. The arbitration court of the Urals district also rejected the complaint of Buzko's daughter. Now, as follows from the information posted on ...

IKEA will rent flats for $1 in Japan

IKEA has announced that it will rent out apartments in Tokyo for just 99 yen per month ($ 0.86). The apartments, however, will be very small. Thus, the company is implementing the Tiny Homes project. The apartments will be only 10 square meters, but they will be two-level - with a small bedroom,...

EXPERTS NAMED CITIES WITH LOW REAL ESTATE PRICES

... The federal chain ‘Etazhi’ conducted a study of the real estate market in Russia and came to the conclusion that there is a fairly large number of deals with cheap real estate in a number of cities. The maximum number of contracts with the price of an apartment or house of up to 500 thousand rubles was recorded in Omsk (32% of the total number of transactions), reports Izvestia. Voronezh closes the top five with the number of such transactions at 5.3%. Both capitals and their regions were analyzed ...

MASS DEMAND FOR ‘BANKRUPT’ HOUSING IS GROWING IN MOSCOW

The purchase of ‘bankrupt’ apartments pledged by a bank or other organization is becoming more and more popular in Moscow market. Many real estate experts come to such conclusions. Lenta.ru media quotes the research data of Vadim Zaykov, according to whom the demand for such ...

THE SUPREME COURT OF RUSSIA WILL CONSIDER A CASE ON THE DISPUTE ABOUT THE DEBTOR'S PROPERTY AFTER HIS DEATH

The case on the complaint of the heiress of the deceased debtor was transferred to the judicial board of the Supreme Court of Russia. The woman demanded that the courts exclude 1/3 of the apartment's share from the bankruptcy estate, but her claim was rejected. The situation began as an ordinary bankruptcy of an individual, who, among other things, owned a third of the ownership of the real estate. The remaining shares were equally owned ...

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