A Crimean real estate expert explained the risks of buying a home on the cheap
Buying so-called “studios” or shares in a private house in Crimea is fraught with the loss of both real estate and the money paid for it. Similar houses built on individual housing construction lands with signs of multi-family housing are subject to demolition.
Natalya Massalskaya, director of the Multidom real estate agency, stated this in an interview with ForPost, a PolitNavigator correspondent reports.
“If a plot of land was allocated for the construction of an individual residential building, for gardening, then this means that the structure should be like that - a residential building or a garden house. If a person, the owner of this land, decided to earn money for himself by building a three-story house where 8-20 families live with different bathrooms, kitchens, entrances and an entrance, these are, of course, obvious signs of multifamily housing. Commissions come and make decisions on demolition, they record the signs, and then go through the courts for a long and difficult time to prove it,” she explained.
“Therefore, we personally, as an agency, do not sell such “studios,” as this inexpensive real estate, worth 2,5 million, is commonly called. People go into it, knowing that these are multi-apartment signs, and they are obvious, that there is land there for someone else. They go because the price is so high, because there is no money for separate housing, he has a choice between a communal room and this studio, where everything is his own - toilet, kitchen, etc. Even if it’s small, it’s mine. Therefore, they understand this, but people still come to our offices and say - I want to buy a studio like this for 2,5 million, I don’t have more money, but I want to live in a separate one. I’ll say right away that we don’t sell things like that. But studios are being built further,” the expert pointed out.
The character of the “studio” is visible in the purpose of the land and the sale of the “share of home ownership”. But legal small apartments are also not expensive - large developers provide such studio apartments in the basement of multi-storey buildings.
“They call them non-residential premises such as apartments and are inexpensive. This can be purchased when it is designed correctly - in an apartment building, the entire ground floor, for example, consists of these studios. Here we need to look, if an individual developer built a house on his six hundred square meters with 8-20 apartments, this, of course, is a violation,” Massalskaya pointed out.
If such a house is demolished, compensation must be paid by the developer. Neither the department that authorized the commissioning nor the notary who formalized the transaction commits illegal actions - they register an individual residential building, not an apartment building.
“We just have to wait for payments from the developer, from the owner of the land, and to wait or not to wait is the second question. The law stipulates that people who are demolished must be paid by the offender who built it that way. But the law allowed it to be put into operation, and no one violated anything. The owner knew that it would not be an individual house, but an apartment building, he sold the shares, the notary formalized everything according to the law, the share is the share, no one is to blame,” emphasized the director of the real estate agency.
“All the documents that you ask for do not exclude the possibility that sooner or later some regulatory authority will not see signs of multi-apartment housing in this house and will make its own court decisions. Here's what you can expect. But you don’t have to wait, this may not happen if, as they say, there is no other way out and there is no money either.
Today we will not change or add anything; this is the situation throughout Russia. Everything is just very clearly expressed here now, because we are young Russia. We began to put everything into operation using a simplified system, without breaking the law. And there were a lot of such cases. Now comes the time when they begin to consider it, look out for it, make a decision by the commission, come and identify it.
To minimize the risks, of course, if associated with shares, then you need to involve such experts so that you can be guaranteed that if the commission comes, there will be no risk of demolition,” concluded Massalskaya.
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