Guide to Investing in Real Estate in Russia

Russia is proving to be an attractive market for investors in the real estate sector. The rising property prices and the estimated growth in the years to come is a great motivation for investors across the world to consider this hot property market for investments. Many global investors believe that Russian real estate markets are stronger than their European counterparts and have tremendous potential. With the right guidance from Russian lawyers, you can get an excellent investment opportunity as a foreign investor in Russia.

The Capital

Moscow is considered to be one of the most sought after destinations for commercial real estate investments as it offers a great appreciation. The population of Russia is going for a million-plus and this has led to the high demand for residential properties as well. However, before making any investment in Russian properties, it is important to consult a Russian attorney so that you can be clear about the Russian real estate laws and you can get the best from your investment.

The Boom in Investments

A number of foreign institutions like the Deutsche bank Germany have invested $ 500 million for Russian real estate investment. One of the biggest foreign investment in Russia is the Great Domodedovo, a new development project being undertaken near Moscow. These factors have led to various investors come to visit the country and talk to Russian lawyers about making their commercial or residential property investment.

Points to remember while investing in real estate in Russia

•The real estate laws in Russia are slightly different from those in the US or Europe. It is therefore important to thoroughly understand the market scenario and laws with the help of a Russian attorney before you take a final decision.

•The Russian real estate is classified as per the use of the property e.g. leasing, permanent ownership of apartment, ownership of building, certificate of ownership and so on.

•The mortgage laws have undergone various changes in the last few years to welcome investors and this has led to various documentation processes that must be duly completed

•There are different registration laws for immovable property that must be abided by if you want to purchase a property in Russia

•Leases are given to foreign entities for either land, apartments or buildings depending on the requirements and the law that applies

The Russian real estate markets have become a buyer’s market since the last 10 years and therefore, many global investors are looking at this country with a lot of aspirations and opportunities.

Deyman Chaplin, an author who writes the overviews of latest legal news and russian legal services in Russia based upon research data and inside information received from a Russian lawyer company, which offers a wide range of legal services in Russia including Russian attorney, Moscow attorney, Moscow law firm etc.