Mortgages for Foreign Nationals in Russia
Local banks in Russia issue mortgages to foreign nationals. The largest banks in Russia include Sberbank, VTB Bank, Gazprombank, and Alfa Bank, which offer mortgage services to both domestic and foreign customers.
Local Lenders in Russia
The following banks provide mortgages in Russia:
- Sberbank (https://www.sberbank.ru/en/personal)
- VTB Bank (https://www.vtb.ru/en/)
- Gazprombank (https://www.gazprombank.ru/en)
- Alfa Bank (https://alfabank.ru/en)
Deposit Requirements in Russia
The minimum deposit required when buying a property in Russia is usually 20% of the property value. However, some banks may require a higher deposit depending on various factors such as the buyer’s credit score and the type of property being purchased.
Outstanding Debts in Russia
New property owners in Russia are responsible for outstanding debts on the property, including taxes and other fees owed to the government. It is important to conduct a thorough search of the property’s history and financial obligations before purchasing a property in Russia to ensure that the buyer is aware of any outstanding debts and obligations.