There are new opportunities for those who want to buy secondary real estate

There are new opportunities for those who want to buy secondary real estate

The Minister of Environment, Urbanization and Climate Change Murat Kurum in his recent statement gave hope to those wishing to purchase secondary real estate. Earlier, the most preferential terms of purchase applied exclusively to lots in new buildings, and strictly defined categories of the population. So, is the housing campaign for secondary housing coming?

 

Specific measures, unfortunately, have not yet been announced; however, there is a request for benefits for buyers of secondary real estate, and a large-scale one. So, in the future – the creation of a special commission, which will include representatives of the Ministry of Finance, the Ministry of Environment, Urbanization and Climate Change, the Capital Markets Council, the Agency for Banking Regulation and Supervision, as well as evaluation institutions. 

 

This commission will be engaged in technical and financial audit, controlling, in particular, the prices of housing offered under preferential programs. «Do not expect anything in the near future, but we are already working to provide support over time in the situation of buying secondary real estate», Mr. Kurum explained.

 

He recalled that the first goal is to support people with low incomes as much as possible by offering them lots in new buildings; potential buyers of housing with an average income, as well as those wishing to purchase secondary real estate should not count on absolutely identical conditions; but later it will come to analytical research in this segment, which will also be followed by preferential lending programs or the like. 

 

Earlier, we reported on the new details of the participation of middle-income households in the campaign.

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