Russian Real Estate - Renting/buying Apartments In Moscow Through Well-established Real Estate Agenc

One needs to understand the Russian real estate market before renting an apartment in Moscow

. Whether it is an ordinary flat or a luxury apartment, one needs to be cautious, as there may be swindlers trying to take a criminal advantage of the opportunity.

Do not be in a hurry to rent the first apartment that you like. Be wary of apartments that are being leased at a rent much lower than an average market price. The Russian real estate rental, of course, will be affected by the area of housing, its location, its availability close to the home station, and infrastructure. The more expensive apartments, as far as rentals are concerned, will be in the central and south-west side of Moscow. Comparatively, the other parts of Moscow will have more affordable rents.

The economic downturn may have affected the rentals but not to an extent that you may be able to grab an apartment at a low rent.

The best time to lease an apartment will be in the beginning of the summer. This is when the rentals are the lowest. Rents begin to rise from August onward. Entering into long-term lease contracts will help lower the rent.

Contacting A Real Estate Agency

When you start looking for an appropriate apartment, begin by visiting the websites of Russian real estate agents. This will give you an idea of the type of apartments on offer and the average rentals they will attract. Be wary of real estate agents who, when you contact them over phone, ask you to visit them at their office to sign the lease.

Reputable real estate agencies do not operate in this manner. They will have representatives who will meet you at the apartment in which you are interested to show you around. They will have several other options for you to visit and select. Such agencies will have a database of apartments for rent that are regularly updated.

Such reputable real estate agencies also ensure the landlords who have put their apartments out on lease that the tenants are solvent, reputable, will live amicably with their neighbors, and will not have any sort of run-in with the police.

Buying Apartments

Whether you are buying an apartment from what is known as the 'secondary market' or a new one in a new building, it is advisable that you get in touch with a reputable Russian real estate agency.

The person who applies for a loan from the bank to acquire an apartment will require appropriate documents. Documents will also be required from the builders of the property if the person is going for a new apartment. This is when the services of reputable and experienced real estate agents come in quite handy.

These real estate agents will collect the required documents on behalf of their clients. These agents will also help arrange mortgage on simplified terms. Most of the reputable real estate agencies have agreements with big banks to arrange for clients requiring such loans.

It is worth keeping in mind that, whether you intend leasing an apartment or buying one, it is better to consult a well-established Russian real estate agency.

by: Ralph Sanford

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