RBC announces growth in gray apartment market in Moscow

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Of the 15 flats brought to the Moscow market since the beginning of this year, 11 are not sold under equity participation agreements (DDUs). In this respect Wrote RBC with reference to a market review by CIAN.

For the entire last year, 51 corps under the DDU and 40 not under the DDU were withdrawn, according to the company.

“Although sales started in a total of 15 buildings in the first quarter of 2023 (nine out of 23 buildings in the first quarter of 2022), flats in 11 buildings not covered by DDU went on sale.” study notes.

CIAN analysts said that, according to the publication, such non-LTD projects are sold through sales and purchase agreements, pre-sale and purchase agreements or investment agreements. The company announced that the trend has been developing since 2021. Officially, such sales are legal, but they do not protect shareholders to the extent covered by law FZ-214. Therefore, this segment of analytics is called gray.

Analysts attributed the growth of assets to the “non-implementation of the concessionary state mortgage in the apartment market and the unsuccessful attempt to assign the status of apartments to plots in terms of apartments.”

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