MIL OSI Translation. Region: Russian Federation –
Muscovites have the right to purchase additional space with a 10 percent discount.
During the period of the renovation program, the right to purchase additional space was used more than 700 times, the head said Department of urban planning policy of the city of Moscow Sergey Levkin… Such a number of requests were received by the Moscow Fund for the Renovation of Residential Development.
“Since the start of the relocation under the renovation program, Muscovites have the right to purchase additional space with a 10% discount. They can take advantage of this opportunity at the time of moving and within two years from the date of registration of ownership of an equivalent apartment. Now the capital’s renovation fund has received 730 applications for additional purchases, 614 contracts have already been concluded, “said Sergei Levkin.
The right to purchase can be used once, while the area of the acquired housing should not exceed 100 square meters.
Payment is made both at the expense of own and borrowed funds, with the help of state housing subsidies and certificates. You can also use maternity capital.
More than 470 families are ready to buy additional living space under the renovation program
Sergey Levkin emphasized that all services and consultations are provided to the participants of the renovation program absolutely free of charge.
The renovation program was approved in 2017, it concerns about one million Muscovites and provides for the resettlement of 5174 houses.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.