Frequently Asked Questions on New Buildings in Russia
What documents do foreigners need to buy an apartment in a new building in Russia?
Foreigners must have a passport of their country and a copy certified by a notary. A document certifying legal residence in the Russian Federation (visa/visa) and the consent of the spouse (for married persons) are also required.
What is the procedure for buying an apartment in a new building from a developer in Russia?
At the initial stage, you need to select the property and, if necessary, pay a deposit. Then a contract is signed between the seller and the buyer at the notary. This is also where the cash settlement takes place. At the final stage, the buyer needs to formalize the ownership of the property in the Rosreestr.
In what Russian cities apartments are most often bought in new buildings?
Moscow and St. Petersburg are traditionally very popular. High demand for apartments in a skyscraper in Russia is also observed in Kazan and Krasnodar.
What is the average price per square meter in Russian residential buildings?
A square meter of new housing in Moscow and St. Petersburg is priced at 5,000-10,000 euros. In other cities, the average price per square meter is 1,500-3,000 euros.