Terms, explanations, and disclaimers that will help you correctly understand information about real estate, mortgages, and renovation.
This is the estimated price of an apartment, based on an analysis of similar listings in the same area, taking into account floor, area, condition, and infrastructure. The price indicated on the site is approximate and may differ from the final contract price. An on-site specialist assessment is required for an accurate valuation.
Cosmetic renovation is the updating of surfaces (painting, wallpaper, replacing flooring). European-style renovation implies a complete redevelopment with the replacement of all utility systems, leveling of walls and ceilings, and installation of modern plumbing and electrical systems. The cost and timelines differ by multiples.
A fixed rate does not change for the entire loan term. A floating rate is tied to the Central Bank's key rate and can either decrease or increase. Our analytical materials are for informational purposes only and are not individual investment advice. Please check with banks for the exact terms of mortgage programs.
Typically, the rent includes payment for cold water, heating, building maintenance, and repairs. Electricity, internet, gas, and cable TV are most often paid separately by the tenant. All details must be clearly stated in the rental agreement. Our site is not a party to the transaction and is not responsible for its terms.
It is mandatory to check the apartment's documents: certificate of ownership (or extract from the Unified State Register of Real Estate), absence of encumbrances (mortgage, seizure), spouse's consent to the sale if the property is jointly owned. We provide a general algorithm of actions, but for each specific situation, consultation with a specialized lawyer is necessary.
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