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Market news

Saint Petersburg’s cadastral chamber expands the opportunities for realtors

Saint Petersburg’s cadastral chamber expands the opportunities for realtors

Saint Petersburg’s cadastral chamber expands the opportunities for realtors. 06/07/2022 There was the conference of cadastral chamber in Saint Petersburg with directors of real estate agencies, members of ARSP and LO, where were discussed the most relevant services of fast and qualitative of documents’ submission, and the main theme...
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Central bank established a temporary order of issuing money from currency deposits and accounts.

Central bank established a temporary order of issuing money from currency deposits and accounts.

9 March 2022 Russian Bank established a temporary order of issuing money from currency deposits and accounts of citizens. Specifically, there is imposed a ban on withdrawal more than $10 000 from currency accounts. There is an option to withdraw much money, however, you could get the rest of the money in rubles at current exchange rate, says...
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Breaking news: Russian Government Bank raised the key rate at 1 point to 9,5%

Breaking news: Russian Government Bank raised the key rate at 1 point to 9,5%

Breaking news: Russian Government Bank raised the key rate at 1 point to 9,5%. It is the maximum value for 5 years, since the spring of 2017. During the 2021 the rate increased from 4,25% to 8,5% for year. In a short-term perspective demand for mortgage may enlarge - that’s because the probability of further raising the key rate and...
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New build homes sales around the corner

New build homes sales around the corner

As development companies are to use escrow accounts, developers try to save as much money as possible to ensure financial safety and have an opportunity to get bank loans at better conditions in the future. That is why experts expect that developers will offer great discounts on new build housing this spring. It is expected that approximately in...
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Apartments in new Yoga complex are available now

Apartments in new Yoga complex are available now

Lider Group announced that the apartments in the IV unit of the Yoga housing complex which is located in Primorsky district of St Petersburg. There are 396 apartments available for sale in the new unit. Buyers can choose apartments of a different area, from 22 to 90 square meters and of a different layout, traditional for Russian real estate...
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Most popular St Petersburg areas for buying an apartment

Most popular St Petersburg areas for buying an apartment

St Petersburg is the second popular city for Russians to move in. But not all of its areas are in the same demand. Some of the areas attract more property buyers and some of them remain ignored. The top popular districts are Vyborgsky, Moskovsky and Primorsky. Housing in these areas is the most popular and most of the apartments are sold in these...
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Gavan Kapitanov residential area accredited by Promsvyazbank

Gavan Kapitanov residential area accredited by Promsvyazbank

Promsvyazbank has accredited the Gavan Kapitanov residential area which includes the Columb, Magellan and Nakhimov housing complexes. The bank offers to buy apartments in this area using a mortgage with the interest rate of 9.4% per annum and a 15% down payment. Those who don’t want to pay the down payment can get a mortgage with the 12.5%...
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Government offers new measures to reduce mortgage rates

Government offers new measures to reduce mortgage rates

A new draft bill regarding the changes in the law on mortgage securities was introduced to the State Duma. According to the new bill, the property shareholders’ (co-investors’) right of claim against developers is included into mortgage-secured bonds of a bank where a co-investor is getting a mortgage loan. In the current law on...
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Apartments in new houses in St Petersburg getting bigger

Apartments in new houses in St Petersburg getting bigger

For the last year, the total area of apartments in brand new houses in St Petersburg grew by almost 3 square meters. From January to May, 2018 St Petersburg real estate market offered 1.3 million square meters of new housing. Apartments in these new projects have an average total area of 47.9 square meters, while last year this figure was only 45...
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FEDERATION COUNCIL DISCUSSED NEW TERMS OF OWNER’S FUNDING OF CONSTRUCTION PROJECTS

FEDERATION COUNCIL DISCUSSED NEW TERMS OF OWNER’S FUNDING OF CONSTRUCTION PROJECTS

Property price increase by 15-20%, over one third of developers will go bankrupt – these are the consequences that are expected to be true after the new law on owner’s funding of construction projects will come into force. St Petersburg hosted a meeting dedicated to new law on owner’s funding of construction projects that will...
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