Is it worth buying a new building: what has changed in 2022

Preferential mortgage for new buildings

On April 1, the preferential mortgage rate for new buildings increased from 7 to 12%, while the maximum loan amount increased to 12,000,000 rubles. for Moscow, St. Petersburg, Moscow and Leningrad regions and up to 6,000,000 rubles. for other regions. It was planned that the program will last until July 1 .

On April 25, Russian President Vladimir Putin proposed reducing the preferential mortgage rate from 12% to 9%, and on May 1, Russian Prime Minister Mikhail Mishustin signed a decree to reduce the interest rate on the Preferential Mortgage program to 9% and extend the program until the end of 2022.

Subsidized mortgage rate limits remained the same . But now they can be combined with other offers for mortgage programs, for example, from developers, but only within the framework of 30,000,000 rubles. in Moscow, St. Petersburg, Moscow and Leningrad regions and 15,000,000 rubles. in other regions.

Preferential mortgage on the secondary

Preferential mortgages may spread to the secondary market . The primary and secondary real estate market are interconnected : many sell old housing before buying a new one. If the apartment cannot be sold quickly, the purchase is delayed and one market slows down the other.

In the event of a steady decline in sales in the primary market , it will become clear that support measures are not enough, and the government will extend the preferential mortgage program to the secondary market .

Preferential mortgage for IT-specialists

IT-specialists aged 22-40 with an income of 150,000 rubles. per month in million-plus cities and from 100,000 rubles. in the regions they can apply for a preferential mortgage at a rate of 5% .

The maximum loan amount in million-plus regions is 18,000,000 rubles, in the rest – 9,000,000 rubles.

Cancellation of the penalty for failure to meet the terms of the DDU

On March 26, 2022, a government decree was issued , according to which, from March 29 to December 31, 2022, a penalty for failure to meet the terms of the equity participation agreement (DDU) will not be accrued and collected.

This means that if the developer delays the deadlines, the interest holder will not be able to sue the penalty , even if the case is already in progress.

By law , the developer is obliged to transfer the shared construction object to the shareholder within the time limits specified in the DDU. If delayed, pay the injured party a penalty .

Due to the disruption of the supply chain, the rise in the cost of building materials and equipment, developers suffer losses . If the court satisfies the claims, even in full, the developers will go bankrupt, the houses will not be completed, and the equity holders will become deceived .

By the way, a moratorium was imposed on the bankruptcy of legal entities and individuals from April 1 to November 1, 2022 .

Escrow account extensions

In the event of a delay at home for more than six months, at the request of a participant in shared construction, the escrow account can be extended for two years.

The scheme for buying real estate in the primary market looks like this: the buyer enters into a DDU with the developer , his own or loan funds are credited to the escrow account and lie there until the house is put into operation.

If the terms are broken for more than six months , the money from the account is returned to the buyer, the contract is considered unpaid, and the developer may refuse it. This support measure will allow equity holders to wait for housing and prevent developers from speculating on their real estate .

The ban on classifying new buildings as problematic

It is planned that by the end of 2022 it will be prohibited to include new buildings in the Unified Register of Problematic Objects (ERPO). In order for an object to be included in this register, the delivery must be delayed by more than six months.

If the developer’s object is included in this register, he is prohibited from registering new equity participation agreements .

In the event of a moratorium , local authorities will not be able to apply to the courts and Rosreestr in order to obtain the suspension of sales and registrations of DDUs by such developers .

On the one hand, the measure will give developers more time to solve problems and allow them to finish building houses . On the other hand, it can increase the number of problematic objects and deceived equity holders.

Settlement of the procedure for the transfer of new apartments

It is planned to develop rules for the transfer of objects of shared construction . Now it happens like this: the developer receives permission to put the building into operation and invites equity holders to inspect , where they sign an acceptance certificate or a requirement to eliminate deficiencies .

At first glance, the scheme looks clear, but in reality, many questions arise, for example:

  • does the developer have the right to forbid the equity holder to come for inspection with an acceptance expert ;
  • is it possible to use thermal imagers and other devices; 
  • what should a shareholder do if he was not satisfied with the result the second time.

These and other problems are planned to be fixed.

Increasing the tax deduction for the purchase of real estate

Now , when buying real estate on your own savings, you can return 260,000 rubles. — 13% from 2,000,000 rubles. And another 390,000 rubles. — 13% from 3,000,000 rubles. with mortgage interest .

Since the current limits were set , housing prices have risen significantly.

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