Secondary Housing
Currently at the Sochi real estate market of construction of apartment buildings is increasing every month. Thus the cost of apartments in some buildings is almost two times lower than in others. Buyer apartments in the primary market, before concluding a contract with the developer, it is worth considering why the price of one square meter of housing in the houses located in a neighborhood so different? To find the answer to this question we must answer a number of other important issues. 1. Why the high cost of square meter in the new building? The relationship between the developer and the buyers of apartments in newly built apartment house regulates the Federal Law 214 from 13.12.2004 "On Participation in the shared construction of apartment buildings and other real estate and on amending some legislative acts." According to this law, the relationship arise between the parties after the signing of the Treaty of participation in the joint construction, according to which developer has the right to raise funds to customers only after obtaining permission to build, publish and providing project declaration and registration of property developer ownership of the land granted for the construction of an apartment building or lease of such land site. The developer is obliged to transfer to the buyer apartment, a quality that conform to the contract requirements of technical regulations, design documentation, and town planning regulations, and other mandatory requirements within the period stipulated by the contract. By way of derogation from the terms of the agreement that led to the deterioration of the object, the buyer of their choice may require from the builder Free deficiencies, reducing the price or compensation for its expenses for elimination of deficiencies.
