Moscow‘s and St. Petersburg’s citizens will be able to exchange their apartments for a villa in Cyprus

Business class property owners in one of two capitals will be able to exchange their objects for apartments or a villa in Cyprus, as reported by Kalinka Group, which launched a special trade-in real estate program.

To become a member of the program, you must have a property with an area of ​​no more than 150 square meters. m. in monolithic and brick houses no older than 15 years, located within walking distance to the metro. Exceptions can be for apartments in the city center. At the same time, Moscow real estate should be located within the Sadovoye Kol'tso.

Experts will evaluate the proposed apartments on the yield from the rent (at least 10−15% per annum), the real cost and liquidity. Property that fits all criteria can be exchanged for Cyprus. In case the object in Cyprus is more expensive than Moscow or St. Petersburg real estate, you will need to pay extra.

Due the attractiveness of the Cyprus passport and the all opportunities, the company predicts a high demand for a new program.

The trade-in scheme appeared on the real estate market after the 2008 crisis, when the demand for housing dropped dramatically. Developers began to use this option to stimulate the buyer. The essence of the scheme is that the buyer reserves an apartment with the developer, and his own housing is sold either to the developer himself or through a realtor partner. The money goes to pay for an apartment in a new building. If necessary, a surcharge is made.