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EXECUTIVE IMMUNITY EXTENDED TO MORTGAGE HOUSING OF A BANKRUPT

A citizen recognized as insolvent will keep the only housing that is in the mortgage. The relevant law was signed by Russian President Vladimir Putin. Due to changes in the law, a third party will be able to give the debtor a loan without interest to repay the mortgage. Earlier, this required first dealing ...

BENEFICIARIES WILL RECEIVE A DISCOUNT OF UP TO 50% ON HOUSING AND COMMUNAL SERVICES

Citizens receiving support measures from the state will be given a 30-50% discount on payment for housing and communal services (housing and communal services). Its exact size will depend on the preferential category of the Russian citizen. As reported by Izvestia with reference to the Ministry of Construction of the Russian Federation, the so-called ...

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 an initiative to create a special automated service for developers in the country. As conceived by the authors ...

Demand for apartments in Russia increased by 15%

... - experts attribute this phenomenon to the desire to preserve savings and fix mortgage rates that have not risen even higher. Russians began to actively buy real estate against the background of the aggravated geopolitical situation. The demand for housing in large cities has grown by 10-15%, Izvestia reports. At the same time, the mortgage rate reached 14%, and housing prices continue to grow against the backdrop of the increased demand. According to experts, the situation may lead to the fact ...

CIAN experts: renting apartment has become cheaper than mortgage

... 67% of the mortgage payment. Prior to this, renting a flat was less profitable, the average rate was 80% of the mortgage. It has become much more profitable to rent rather than to take mortgage in Voronezh, Krasnodar, Perm, Omsk. Despite 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 ...

RESIDENTIAL REAL ESTATE IS GETTING CHEAPER IN RUSSIA

... is also observed in Nizhny Novgorod - earlier, the real estate prices increased there by 21.34%. Real estate objects are getting cheaper in Kazan (almost 3%), in Perm and Samara (almost 2.5% each). However, in Moscow and St. Petersburg, the cost of housing continues to grow, although not as significantly as before - by 0.05% and 0.24%.

NEW APPARTMENT RENT TAX WILL BE INTRODUCED IN RUSSIA

... law will include a section on administrative liability for failure to provide information on rent, as this is tax evasion. Market experts have already commented on the situation, noting that the introduction of taxes will increase the cost of rental housing. Moreover, the price can rise by more than 13% (the standard tax rate for a landlord). The draft law is still being discussed, but it is highly likely that in the future it will be adopted due to the obvious benefit of the state against the background ...

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