News archive
According to the mortgage experts, Russian banks will continue to decrease mortgage rates in 2018. This trend has already been observed in 2017.
Mikhail Ioffe, the head of VTB Bank department in St Petersburg, stated that the double figure rates will completely disappear. A lot of banks have already understood the necessity of these changes and...
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The Act concerning the decrease of real estate prices was signed by Vladimir Putin on 29 October. According to this act, the prices of economy-class apartments will decrease by 20 % since the beginning of 2018.
This is already the second act signed by the President to lower property prices and make housing more affordable for Russian families. In...
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The term of receiving the construction permit has been reduced from 212 to 90 days. This information was announced by the Vice Governor Iulia Ludinova at the Building Congress IBC which took place at the 23th International exhibition of building and finishing materials in St Petersburg.
Within three months applicants are to go through all...
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The first quarter of 2017 showed a rather significant growth of property prices especially in the luxury and business-class sector. According to experts, the average price of a square meter increased by 2% and became 161 thousand rubles.
The growth of property prices is accompanied by high buying activity. The number of real estate sales in luxury...
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According to the latest research carried out by NAI Becar experts, real estate in Saint Petersburg is the one of best earning assets in the world.
The experts say that over 20 years property has been considered to be the most reliable asset. They prove their conclusion with the results of their research. They studied data starting since 1992. Oil...
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Analysts of one of St Petersburg real estate agencies published a top list of the most accessible in terms of transport provincial areas of the city with active development. And Shushary, a settlement in Pushkinsky District, is heading this list.
According to the experts, it takes half an hour to get from Shushary to the city centre by car and 44...
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If you rent your new property in Saint Petersburg, it will pay for itself within at least 10 years. This is what analysts of SRG (analytical agency in Russia) said. The most attractive property in terms of rent is located in close to Tekhnologichesky Institut metro station (the payback is about 10% per year). And the least attractive area is...
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According to experts, St Petersburg new housing market will undergo serious changes in 2017. These changes include the increase in price. Experts think that the increase will be caused by the following factors:
large developers such as LSR, Nedvizhimost – Severo-Zapad, Patriot-Neva, Arsenal-Nedvizhimost change their property...
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The Ministry of Finance of the Russian Federation has offered to limit cash payments for real estate and other large deals. This limitation is aimed at combating the grey economy and making property deals more transparent. The Minister of Labour and Social Protection supported this idea. However, real estate experts reacted with a bit of sсepticism...
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St Petersburg is in the top 3 of the cities with the highest property price per square meter in Russia. According to Domofond.ru (the Russian website for selling and buying housing over the country), the average price of a square meter in St Petersburg is 110 114 rubles ($1 830), so St Petersburg has taken the third place following Moscow...
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