In conditions of high mortgage rates and rising housing prices in Moscow, the format of joint real estate purchase is gaining popularity. writes about this “Kommersant”.
Last year, prices for apartments in new buildings in the capital increased by almost 20%, and the average transaction budget exceeded 25 million rubles. However, the publication writes that it is possible to buy an apartment by sharing it with other buyers, although this format carries certain risks.
According to the Best-Novostroy company, the number of requests for the purchase of public housing has increased 4 times since December.
“In difficult times, we must look for new opportunities to purchase apartments,” explains the company’s founder, Irina Dobrokhotova.
The most popular format for purchasing a two-room apartment is up to 12 million rubles for two owners. Buying an apartment in shared ownership allows you to share costs, but leads to legal difficulties.
“Even if all parties to the transaction are close people, there is a risk of conflict due to the unclear distribution of rights and responsibilities regarding the use of housing,” warns lawyer Anastasia Romashova.
According to him, it is often impossible to allocate certain shares in reality due to the different sizes of the rooms. When selling a share, you must notify the remaining owners in writing and obtain a waiver of the right of first refusal. The expert noted that all this neutralizes the benefits of buying a house.
Before that most Russians couldn’t build Buy a house with your own money.
Russians before become get a mortgage less often.