Quiet in the apartment. Why not live in an apartment?
In today's market, the demand for real estate is on a steady rise. For example, between March and April 2015, a total of 3,617 transactions were recorded in the Russian Federation, categorized as contracts for buying and selling residential, commercial, or administrative properties. By April-May 2020, the number of transactions reached 3,075, reflecting a significant 5% increase in apartment transactions compared to 2015. The growth in business and administrative spaces per 1,000 residents is highlighted by the following figures: - Total available square footage rose by 17.5% (14,345 sqm) between 2015 and 2018. - The number of transactions for premises per 1,000 residents, which exceeded 100,000, saw a 15.4% drop from 2018 to 2019. - Russian citizens own 17.5% of these premises. - 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, it's expected that the Russian Federation will lead globally in meeting the Committee's recommendations from the Third Millennium Development Program. Discover more about enhancing your living conditions at the BENOIS Seminar series by the Association of Home Buyers from September to October 2020. Obtain your free invitation today.