Being a foreigner, can you purchase real estate property in Russia?

Hunter Coates III
Charles Hunter Coates III

Mny foreigners often ask whether they can buy a real estate property in Russia or not and the answer to this question is absolute yes. Russia comes among the top countries that provide amazing business opportunities for real estate investments as well as entrepreneurs. If you are a foreigner and want to buy a property in Russia simply contact Charles Hunter Coates III.

Charles Coates Los Angeles

Charles Coates Los AngelesIt has been seen that many foreigners often have doubts about whether they can secure mortgages towards their real estate purchases in Russia. But the answer to this question is also a big yes. All you need to do is take the help of Charles Hunter Coates III who is involved in real estate business for many years and has a good experience.

Moscow as well as St. Petersburg is the two very popular as well as most developed cities of Russia. It has been seen that these two cities are very good at attracting foreign investors and are also the top locations for real estate investments. Other cities of Russia are also known for offering good real estate property.

Charles Coates Los Angeles
Hunter Coates III

You can easily find world-class properties in Russia as per your budget because Charles Hunter Coates III has some good links in Russia. So here is a list of a few things that you need to understand first.

Mortgages

For foreigners, securing mortgages in Russia is not a dainty task because it is possible. All you need to do is prove a steady official income. In most of the cases, it is possible that you have to do a down payment of 15-20%. The interest rate can range up to between 10-12% annually. So it is very important for you to find a reputable mortgage broker or real estate agency like Charles Coates Los Angeles who can successfully help you in this process.

Charles Hunter Coates III
Charles Hunter Coates III

Commercial property

If you are searching for real estate investment opportunity in Russia then it is highly recommended to have a look at the commercial property options because you are going to get a higher return as compared to residential real estate. You can take the help of Charles Coates Los Angeles who will take care of your all details in order to ensure that you are able to live in Russia comfortably. Many times it is possible that commercial property is for sale already and has long term reliable tenant which ensures a guaranteed continuing source of income.

Land

Charles Hunter Coates III
Hunter Coates III

As a foreigner, it is also possible for you to own land in Russia like a few small plots of residential land. If you are planning for the Moscow region then it is possible for you to purchase a small land or build a simple house under $35,000 USD. But remember that if you are new to Russia then you need to have a trustworthy partner who can assist you through all kinds of the building process as well as red tape successfully. By hiring Charles Coates Los Angeles you will not only save money but also your precious time.

Residential property

Charles Hunter Coates III
Charles Coates Los Angeles

In most of the cases, one of the meekest things to do is purchase an apartment. The process is easy but again it is very important to hire a real estate agent who can work with you and ensure that all the documentation work is right and above board. The person should also evaluate the best deals on the market as well as render some amazing options that you might have not assumed before.

Taxes

Charles Coates Los Angeles
Hunter Coates III

If you are planning at being in Russia for the long term and want to evade paying rent or searching at investment opportunities then it is very necessary to understand the taxes of Russia. Taxes of Russia are something where is sure to gain some interest. The property tax in Russia is cheap but at the beginning of this year, Russia has changed the law on a real estate sale for non-residents. Before, there used to be a heavy tax on the sale if you were not an inhabitant of Russia at the time of the sale.

But now the law has changed completely, there is zero tax in Russia on the sale if you are able to hold the property for five years or more.

Thus, hope all this information will help you to a great extent that how you can buy real estate property in Russia.

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