Market news
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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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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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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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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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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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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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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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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The St Petersburg developer LSR. Nedvizhimost. Severo-Zapad was given a land plot on Petrovskiy Island where they will build a school and nursery schools. The St Petersburg authorities adopted the regulation on May 22.
The developer was given 27 thousand square meters of land on Petrovskiy Prospect, 33. It is planned to build a school which will...
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Peterburgskaya stroitelnaya kompaniya completed construction of Diplomat residential complex. This complex will be put in service this month.
After constructing the building itself, the developer is continuing to work on the complex area (greenery, lighting and etc). The underground parking is completed as well the complex itself.
Diplomat is a...
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