Why buy apartments from a developer in St. Petersburg Automatic translate

Apartments appeared in Russian real estate catalogs relatively recently. This new type of housing is not yet understood by everyone, and its benefits are indeed not obvious. What are apartments, who buys them and what profit can they bring?

Apartments: definition and features

At first glance, it may seem that apartments and apartments are one and the same. If you look at their legal status, these are completely different premises. Apartments are classified as non-residential, and apartments are classified as residential. From this difference all the others follow:

• You cannot register in an apart-hotel (you can only register temporarily, and only if the apartments are not located in a business center);
• social programs such as maternity capital do not apply to the purchase of apartments;
• apartments can be seized for debts. The reader probably knows that this cannot be done with an apartment if the debtor does not have any other housing;
• apartments are subject to higher property taxes (0.5–1% versus apartment 0.1%).

Why buy such housing where you can’t even register? In fact, such “non-residential apartments” are bought not for their own use, but for renting out - apartments from the developer can bring considerable profit to the investor.

Advantages of the apartments

Houses containing apartments are usually called apart-hotels. They do not have housing councils and do not collect money from residents for major repairs. But in an apart-hotel, guests (that is, people renting apartments) may have access to services such as cleaning, free grocery delivery, cooking, and so on. This can be compared to staying in a real hotel, but the apartments can be rented for a long period of time. Of course, the cost of such rent will be noticeably higher than when renting an ordinary apartment in the city, but wealthy people and even young, sought-after professionals will be able to afford these additional expenses.

In addition, apartments can be rented out for non-residential purposes (non-residential premises, remember?). Many budding entrepreneurs launch their stores or offices in apartments. This way, apartment guests immediately have access to a developed infrastructure - in one entrance you can find a fitness room, a cafe, a designer goods store, and a self-development club. The owner of the apartment can only find guests (and sometimes the management of the apart-hotel does this) and make a profit. By the way, the apartments will recoup their cost much earlier than a regular apartment - they cost 10–20% less, and their rental costs are higher.