What kind of real estate can be bought in Russia for a residence permit

Buying real estate in Russia is one of the most popular ways for foreign citizens to obtain a residence permit (VNZh). It is important to realize that not every purchase of housing automatically entitles the investor to a residence permit. There are certain requirements for the property and its value that must be met in order for an investor to take advantage of this path to legalization. In this article we will consider what real estate can be purchased in Russia to obtain a residence permit, what to pay attention to when choosing housing, and what legal aspects should be taken into account.

Real estate value requirements

To obtain a residence permit (VNZh) in Russia through the purchase of real estate there are certain requirements for its value, which vary from region to region:

• Moscow: The value of the real estate must be at least 50 million rubles.
• Regions of the Far Eastern Federal District: The minimum value of real estate is 20 million rubles.
• Other regions of Russia: The cost of real estate must be at least 25 million rubles.

At the same time, the real estate must be owned for more than one year. It is important to remember that only residential real estate suitable for permanent residence, such as apartments or private houses, is suitable for obtaining a residence permit.

What type of property is best to buy

When choosing real estate to obtain a residence permit in Russia, it is important to consider not only the cost, but also the type of property. Here are some recommendations that will help you make the right choice:

• Apartment in cities with developed infrastructure
  Buying an apartment in large cities such as Moscow, St. Petersburg or regional centers can be a great option. These cities offer well-developed infrastructure, transportation accessibility and a high standard of living. However, it is worth considering that the cost of real estate here is higher and the minimum value requirements for obtaining a residence permit will also be higher.
• Private house in the suburbs
  A private house or cottage in the suburbs can be a good choice for those who are looking for peace and quiet. It is important to take into account that the house must be suitable for year-round living and comply with legal regulations. The price of such real estate may be lower than in metropolitan areas, but it is worth considering the availability of infrastructure.
• Real estate in tourist regions
  For those who plan to invest in real estate for residence permit, interesting may be resort and tourist regions, such as Sochi or Baikal. Such real estate can not only become a home, but also bring income from renting. However, housing prices in popular tourist areas can be higher than average.
• Residential real estate in regions with favorable conditions
  In some regions of Russia, such as the Far East, there are special programs and benefits aimed at attracting investment and new residents. Purchasing housing in such regions can be profitable, since the requirements for the cost of real estate are lower, and the infrastructure is actively developing.

The choice of property type should depend on your future plans, comfort level and budget. Regardless of the region or property type, it is important to make sure that the property meets the requirements for obtaining a residence permit and is ready to live in.

Can real estate be sold after obtaining a residence permit

Yes, after obtaining a residence permit (VNZh) in Russia, a foreign citizen has the right to sell the real estate purchased. However, there are several important points to keep in mind:

• The period of ownership of real estate: According to Russian law, to obtain a residence permit through the purchase of real estate, it must be in the possession of the owner for at least one year. If the property is sold before the expiration of this period, it may result in the loss of the right to a residence permit or even its revocation.
• Sale after obtaining a residence permit: If all the requirements are met, and the residence permit has already been obtained, the property can be sold. However, it should be remembered that the residence permit is granted also on the basis of ownership of real estate. In the case of selling without buying another property or changing to another status that supports the residence permit, it may be necessary to extend or revise the conditions of residence in the country.
• Tax implications: Foreign nationals may face tax obligations when selling real estate, especially if it has been owned for less than five years. Tax on gains from the sale of property can vary, depending on the amount and length of time the property has been owned.

Thus, while it is possible to sell real estate, it is important to assess all possible consequences in advance and make sure that the new status or plans meet the conditions for extending a residence permit in Russia.

How easy it is to get a Russian residence permit for real estate investments

It can take a lot of time and effort to understand all the intricacies of obtaining a Russian residence permit. If you want to get a residence permit quickly and with minimal difficulties, we will be happy to help! For advice and assistance in obtaining a residence permit, please visit our website One World Migration.