Is it worth it now to buy real estate in the Crimea in a mortgage?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Should I buy property now? Surely this issue worries 99% of Russians who are forced to rent housing. However, the acquisition of an apartment or house has always been considered one of the best ways to make a profitable investment.

Choice of strategy

The question of whether it is worth buying real estate now becomes doubly relevant due to the fact that the US currency is regularly rising in price, and the Russian ruble cannot come to stability. It would seem that everything is simple: the best way to protect your hard-earned money from inflation is to buy a home. Most of our compatriots are convinced that apartment prices will only increase in the future. However, when deciding the question: “Is it worth buying real estate now?” - you need to consider the following factor. Today, one cannot be sure of the stability of the dollar, ruble and the cost per square meter.

Experts say that today one should not commit rash acts in the desire to extract the maximum benefit for oneself. Buyers should remember the following: don't expect real estate to fall in value due to a crisis. And the ownersapartments and contractors need to take into account that there is no point in waiting for a long time until housing prices rise.

Primary real estate market is gradually developing

Should I buy property now? Of course, yes, if we are talking about new buildings. At present, the demand in this market segment has become more active, it is necessary to invest money in it. A significant part of developers have not changed ruble prices since last year - this is a weighty argument in favor of buying an apartment in a house under construction. At the same time, one should not be too slow in making a positive decision, because after some time, construction companies will raise prices for new buildings due to the rise in prices for materials, engineering systems and energy carriers, and an increase in interest rates on loans.

Is a mortgage profitable today

A huge number of Russians are worried about the question of whether it is worth buying real estate in a mortgage now (2015)?

This question cannot be answered unambiguously. On the one hand, bank interest on loans increased, on the other hand, a program of state participation in subsidizing mortgage lending programs was launched. If we talk about mortgages for new buildings, then the objects of the primary real estate market are sold at a rate of 11-12%. Among other things, some developers offer, under certain conditions, to reduce the amount of the contract at a subsidized rate, which further reduces the cost of housing. Thus, in this context, the question of whether it is nowbuying property with a mortgage has a unique solution. The buyer wins: he saves on discounts, he is allowed to book accommodation for a long time, he receives payment in installments.

In any case, the answer to the question of whether it is worth buying real estate in a mortgage now becomes obvious. January 2015 already showed positive dynamics in the above market segment: bank rates fell from 20% to 16% (new buildings - 14.9%).

Prices will come under pressure

A peculiar situation has developed on the secondary real estate market. Despite the fact that a significant part of potential sellers decided to postpone the sale, a certain choice still remained.

One way or another, it makes sense to buy a second-hand apartment for the simple reason that today the buyer has the right to dictate terms to the sellers, which means that there is a huge probability of buying an apartment at a lower price. The homeowner, in turn, is forced to make concessions, because he is not sure whether there will be an increase in the value of real estate in a few months. In the economy class category, discounts can reach 150,000 rubles.

Crimean real estate market

Today, a huge number of Russians are considering the prospect of acquiring housing in Y alta, Kerch and Sevastopol. Excellent climatic conditions, picturesque nature, fertile soil - all this encourages investors to develop business in this particular geographical area,which recently came under the jurisdiction of Russia.

Of course, today one of the burning questions is whether it is worth buying real estate in the Crimea now. Let's take a closer look at it.

Prices are rising

The coastline of Crimea has clear boundaries, and therefore there is not enough space for everyone.

However, given the density of coastal development, there will still be time to take a comfortable place in the sun. In general, there is still plenty of free territory, but this does not mean that investors should hesitate to make transactions: prices for Crimean land are gradually rising. As for the most promising areas (the southern coast of Crimea), they are already 99% occupied.

Is it profitable to buy Crimean real estate now

Of course, the question of whether to buy real estate in Crimea should be considered from different angles. Many are frightened by the confusion in the legal framework of the republic, the register of real estate transactions must be brought into line with Russian legislation, which requires some time. The infrastructure of the peninsula also leaves much to be desired: many facilities have not been repaired since Soviet times. And, of course, for the development of the economy, it is necessary to build a bridge across the Kerch Strait. Nevertheless, the question of whether it is worth buying real estate in Crimea after the accession of the republic to our country can be answered in the affirmative.

If you use a competent approach to investing, you can not only profitably acquire a home ownership in Y alta, but also sell it after some time. If your apartment is located a few hundred meters from the sea, then the benefit from the sale can be triple, since the demand for such properties is incredibly high.

Buying housing in Crimea should also be because it can be rented out immediately after the transaction. Dachas, houses, cottages in the Crimean villages are in high demand among tenants, so this business can bring a fairly good income for the season. Of course, you should not count on super profits, since the level of service still leaves much to be desired. However, over time, the situation in this sense will straighten out.

Imperfect legal framework

Considering the question of whether it is worth buying real estate in Crimea after the annexation of the peninsula to Russia, it should be said that there is a vacuum in the legislation that has accumulated as a result of the transition from one legal field to another.

There is currently no real opportunity to register real estate transactions in Crimea, but this factor has not reduced the demand of Russians for resort facilities. Under such conditions, prices for Crimean apartments have crept up.

Beware of scammers

It should be noted that local swindlers took advantage of the confusion in the regulatory sphere of Crimea. Russians who, when making transactions withreal estate give a deposit, become victims of scammers who pretend to be the owners of apartments and houses, but in reality they are not. The fact is that today access to the registry is limited, so it is quite difficult to determine who is the legal owner of the apartment. It is almost impossible to find out whether any encumbrances are imposed on real estate.

In such a shaky legal field, the Crimean coast looks like a risky object in terms of investment attractiveness, and scammers, of course, take advantage of this. Very often, dishonest dealers forge title documents for residential real estate.

According to media reports, at first the registries were turned off in an emergency mode, which made it possible for scammers to collect the necessary information about genuine documents and subsequently make copies of them.

Recommendations for those who decide to invest in Crimean real estate

If you decide to invest your savings in Crimean real estate, then follow the recommendations below.

1. Wait for the start of real estate sales: in conditions when money for an apartment will be transferred after papers on the transfer of ownership are issued (in the registration authority). Otherwise, you may not see not only apartments or houses, but also your own money. Remember: scammers are on the alert!

2. Calculating the potential benefits of investing in Crimean real estate,do not forget to analyze the prospects for the development of a negative scenario for the deterioration of relations with Ukraine. On the other hand, you should not panic, as the presence of the Russian army on the peninsula is already a guarantee of security.

3. Analyzing the dynamics of the increase in real estate prices on the peninsula and the prospects for business development in this market segment, do not forget to follow the implementation of the construction of a bridge across the Kerch Strait from time to time. Only road and rail communications will make the peninsula an economically prosperous region. In particular, the bridge over the island of Tuzla is considered promising from the point of view of investment, which involves dividing Kerch into two parts.

4. When developing a business plan for investing capital in Crimean real estate, one should not rely on the opinion of local experts in everything. They do not know all the nuances and subtleties of the Russian legal system, therefore, in the search for lawyers, re altors, designers, a selective approach should be used.