How to buy a flat in a new building in Moscow: a step-by-step plan for a successful transaction

The capital of Russia attracts many people with great opportunities, and buying a flat in new buildings in Moscow becomes for many an important step towards a stable future. But the process of buying a square in the metropolis can seem dauntingly complex, especially when faced with a multitude of options and offers.

Let’s look at all the steps you need to go through in order to buy a flat in a new building in Moscow. The city offers various LCDs (residential complexes) – from economy class to elite projects, such as LCD “Heart of the Capital” and “Legend of Tsvetnoy”, and in this article we will look at how to make the best choice, taking into account all the details.

How to choose a new building in Moscow: from budget to location

New buildings in Moscow with or without finishing – that’s the first question to answer. It often depends on budget and personal preferences. Let’s look at a few parameters of choice:

1. Budget and cost planning. Prices for new buildings in Moscow in prestigious areas, such as Khamovniki or Presnya, can reach 500,000 rubles per square metre, while on the outskirts, for example in Troitsk or New Moscow, start from 150,000 rubles. If you plan to take out a mortgage on a new building in Moscow, you will need a down payment of 15-20% of the cost, which is approximately 1.5-3 million roubles. It is also important to take into account the additional costs of drawing up documents and notary services.

2. Location. Choose a neighbourhood with developed infrastructure and convenient transport accessibility. You can buy a flat in a new building in Moscow in one of the residential complexes near the metro, such as Residential Complex “Mitino O2” (7 minutes on foot from the station “Mitino”) or Residential Complex “Lyubertsy Park” (15 minutes from the metro station “Luhmanovskaya”).

3. Finishing and renovation. New buildings come with both basic and designer finishes. For those who do not want to spend time on repairs, the ideal option will be to buy a flat with designer repairs. For example, in ZILART Residential Complex the developer offers ready-made solutions with European finish, where quality materials are used and modern design solutions are implemented. The cost of such a flat is higher, but it allows you to save on subsequent expenses and move in immediately after receiving the keys.

Step-by-step guide: how to buy a flat in a new building in Moscow

To buy a flat in a new building in Moscow from a developer, follow these steps. This will help you to avoid mistakes and unnecessary costs, as well as speeding up the process of acquiring property.

1. Determine the budget and choose a developer

The average cost of flats in new buildings in Moscow ranges from 8 to 15 million roubles, depending on the district and class of the housing estate. Consider offers from trusted developers, such as PIK Group, Donstroy and Inteko Group, to choose a reliable partner. Pay attention to the company’s history, number of completed projects and reputation on the property market. For example, PIK Group is active in the construction of economy-class housing, while Donstroy offers premium-class projects.

2. Select and book a flat

Some developers in Moscow give access to buy a flat in a new building at the excavation stage, which allows you to save significantly – at this stage the cost can be lower by 15-20%. Once you have chosen an object, book it – this requires a deposit, which is 10-20% of the cost of housing, which is equivalent to 1-2 million roubles.

3. Conclude an equity participation agreement (ECA)

Conclusion of a share participation agreement is the next stage. It is important to make sure that the developer has registered the CDA with Rosreestr in order to avoid risks. Documents that will be needed for registration:

1. Passport (must be valid and undamaged);
2. INN;
3. Documents confirming income (e.g. 2-NDFL certificate to confirm salary level).

The DDC must include a full description of the property, completion dates, and payment arrangements. Particular attention should be paid to the terms of commissioning of the house and the terms of warranty for construction work.

4. take out a mortgage (if necessary)

Most buyers prefer to take out a mortgage on a new building in order to buy a flat in Moscow. Banks offer favourable rates from 8% per annum. For registration you will need:

1. Mortgage Application;
2. Income statement (2-NDFL);
3. Preliminary contract with the developer.

The best conditions for mortgage products are offered by such banks as Sberbank (rate from 7.5 per cent), VTB (from 8 per cent) and Alfa-Bank (possibility of obtaining a preferential mortgage with state support). Be sure to check your credit history in advance, which is an important parameter that banks take into account when considering an application.

5. Sign the main contract and register ownership rights

After construction is completed and the house is commissioned, the main sale and purchase agreement is signed. Notarisation is not required, but it is necessary to register the title of ownership with the Rosreestr. The cost of registration is about 2,000 roubles, and the procedure itself takes 7-10 working days. Afterwards, you will receive a certificate of ownership, which is the final confirmation of the purchase.

What to choose: a new building or secondary housing?

Choosing between new-build and secondary housing in Moscow is one of the most common questions. The former offer modern facilities, energy efficiency, underground parking, protected areas and convenient layouts. At the same time, secondary housing is located closer to the city centre and allows you to save on your initial investment. If you plan to buy a studio flat in Moscow, you should pay attention to both options – each of them has its own advantages.

The pros of new buildings:

1. Modern infrastructure (new schools, shops, parks). For example, Salarievo Park Residential Complex includes kindergartens, fitness centres and recreation areas.
2. The possibility of choosing a flat with finishing eliminates the need for repairs.
3. No operating history or legal problems – no one has owned this flat and all communications are new.

Pros of Secondary Housing:

1. Close to the centre and developed infrastructure such as metro, shops, schools and parks literally within walking distance.
2. Lower cost compared to new buildings of similar class. For example, a flat on the secondary market in the Chertanovo district can cost 20-25% cheaper than a similar flat in a new housing estate.

Conclusion

Buying a flat in Moscow in a new building is an opportunity to start a new life in a dynamically developing city, enjoying all the advantages of modern residential complexes. Regardless of the option chosen, the capital is ready to offer everything for a comfortable life: from developed infrastructure to unique cultural opportunities. Take the chance to invest in your future and enjoy all the benefits of living in the heart of Russia.