Russia Mortgage
A Russia mortgage is currently not common for those buying Russia property and Russia mortgages finance has made a relatively new appearance on the Russian real estate scene. Russia has recently introduced legislation giving Russians access to a Russian mortgage for the first time, which adds tremendous potential to demand for Russia properties. Given the newness of the Russia mortgage market, you should obtain up-to-date Russia mortgage information from your legal advisor.
Your Russia lawyer can provide you with appropriate Russia mortgage information and offer advice on the current financing structure for your Russia buy. Alternatives to Russian mortgages include releasing equity from properties you currently own.
Russia Tax
Buying Russia property is not necessarily the same as buying in other countries and you should take expert advice on aspects of Russia law affecting your investment in Russia real estate. You will also require information on Russia tax - although there is no stamp duty on Russian property, there are fees and expenses associated with buying in Russia.
Foreigners investing in Russia property enjoy the same rights as Russians buying property and there are no restrictions. Bear in mind that owners of Russia properties are liable for state and local taxes, and if your investment in Russia property generates rental income you must pay income tax. Consult your Russia solicitor for Russia tax information.
