Покупка недвижимости в новостройках

Property purchase in a new development is buying housing before completion of construction, often even before the start of construction work. For example, this practice has been widespread in the UAE for a long time. Despite the economic and post-pandemic period, investing savings in commercial and residential real estate remains an extremely profitable business. For example, placing them in bank deposit accounts.

Undoubtedly, purchasing an apartment, house or villa in the primary real estate market is a long-term investment project that will not provide quick profits, as in the case of selling securities. Moreover, before investing your savings in foreign property, you will need to figure out where it is better to invest, in which particular country and how to do it competently when working with potential developers.

Perhaps this looks risky, but when buying in a market where real estate prices are constantly rising and new housing is in increasing demand, this has its advantages, especially if this property has good investment and rental potential in the future.

As a rule, the developer is a company that invests its own funds in construction. The developer attracts licensed contractors, acting as the customer of construction or independently performs the functions of a general contractor. It can attract participants in shared construction (buyers), concluding appropriate contracts with a notary if required by the current legislation of the country where the property is purchased.

However, buying real estate in under-construction properties is not always so simple. Usually, you have to independently search for and verify information about the developer, and in some situations it is necessary to obtain a mortgage, while for some citizens from other countries this issue may be difficult.

Today, HIVE HOME cooperates with foreign partners who implement a number of their own investment and construction projects and can provide qualified legal assistance with registration when choosing a project from a developer.

We also ask all our clients to consider such factors that when buying real estate in the primary market, it is first necessary to familiarize yourself with the package of documents for the construction object, which the developer is obliged to provide to any person who applies. Usually these may be the following documents:
— construction permit;
— expert conclusion on project documentation by a licensed company;
— project documentation, taking into account all changes made to it;
— documents confirming the developer's rights to the land plot (lease or ownership rights).

HIVE HOME is always ready to help our clients, as we work only with reliable and proven developers in the foreign real estate market, especially when it comes to purchasing an apartment for resale, such conditions usually need to be immediately agreed with the developer. It is also necessary to consider that when transferring rights of claim to a new buyer even before registering the property as ownership, the legislation of some countries establishes the obligation for the new owner to pay real estate turnover tax. HIVE HOME is ready to help solve these legal nuances and issues together with its foreign partners.