Real estate is a very attractive area for investment with its characteristics. In large cities, you can often come across an offer to invest in real estate that is still under construction. The offer is tempting because of the price per square meter of the apartment increases in proportion to the percentage of readiness of the object for delivery. But with a small price for an apartment, there are financial risks because the entire construction process consists not only of laying the Foundation, purchasing materials, distributing capital and other tasks but also of solving bureaucratic issues related to the registration of various permits. Each stage may have its own problems and difficulties.
There are 3 main mechanisms for investing in construction:
- bond purchase;
- purchase of mortgages;
- participation in the construction Finance Fund.
None of these mechanisms gives a 100% guarantee that the owner will get an apartment. Investing in objects under construction is always the presence of various risks. One of these risks is delaying the deadline for putting the house into operation, and the list of the most serious is freezing the construction of the object.
To avoid falling into the risk trap, the best solution is to cooperate with professionals and assess the risks of investing in a new building. Kasyanenko & Partners Law Company specialists will help you choose a developer and invest in real estate Finance with minimal risks. Many years of experience and knowledge of the legal framework of Ukraine will help us in this.
Here you can get a one-time consultation on investing in real estate, as well as a full package of legal risk assessment of investments. The package includes checking the financial status and reputation of the developer, checking the availability of all permits for each stage of construction, and analyzing the developer’s contract. We will take all necessary actions to ensure that your contribution will give the expected result!