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Buying Apartments In Large Cities: Problems And Prospects

by Brianna - November 22nd, 2011.
Filed under: News. Tagged as: , .

Price question first, that the dream of a hamstring Petersburg apartment – the price. If we talk about luxury apartments in the city center, they can afford only very wealthy people. Are there any prospects for ordinary citizens and what? The most affordable in St. Petersburg today declared an apartment in new homes and neighborhoods on the outskirts of the city, rather than the secondary market. Typically, this mini-camps in the immediate vicinity of the end Metro stations with modern communication system, its infrastructure – shops, schools, kindergartens, parking. Thrifty owners unexpectedly winning: instead of a noisy, dusty, bustling center they fall into the “green” zone. Who Buys When look at the statistics of Realtors, the pattern of demand for property is amazing. Most buyers of apartments – middle-aged and well-being, and office workers.

Of these, over 20% Housing in Saint Petersburg are buying it from other cities. How can a simple Russian citizens with very moderate means to own residential property in St. Petersburg? Lucky for those who are starting capital – an apartment in the region. Save to pay off the difference in cost is usually attainable goal. The scheme, however, buying a new apartment, even the “economy class” is hardly anyone who expects to buy with cash. Mortgage for abroad has long been the main way of purchasing their own homes. As far as St.

Petersburg, today the city has several schemes for mortgage lending. The most common – is a tripartite agreement with the seller, buyer and bank. Acquired real estate is collateral for the bank’s money back. If there is a buyer’s own apartment – for example, in the region – the bank may extend credit secured by available real estate. For buyers of housing under construction, some banks offer mortgages with registration scheme contract credit equity, followed by the conclusion of a tripartite mortgage agreement.

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