Quiet in the apartment. Why not live in an apartment?
The demand for real estate is on a continual upswing. For instance, there were 3,617 transactions recorded in the Russian Federation during March-April 2015, classified as contracts for the purchase and sale of residential, commercial, or administrative properties. By April-May 2020, this figure reached 3,075, representing a 5% increase in apartment transactions compared to 2015. The expansion of business and administrative spaces per 1,000 residents is evident from the following statistics: - The total available square footage rose by 17.5% (14,345 sqm) from 2015 to 2018. - The number of transactions for premises per 1,000 residents, which exceeded 100,000, fell by 15.4% from 2018 to 2019. - Russian citizens account for 17.5% of premise ownership. - The average cost of apartment ownership in the first half of 2020 was 1,075 1/2 acres, or 16,545 sqm. By the end of 2020, the Russian Federation is expected to be the first country to achieve compliance with the Committee's recommendations from the Third Millennium Development Program. For more information on improving your living conditions, attend the BENOIS Seminar series by the Association of Home Buyers from September to October 2020. Get your free invitation now.