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Russia | What do I need to know when buying property in Russia? | Digital Nomad Exchange
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New Holland Island in St. Petersburg, Russia

What do I need to know when buying property in Russia?

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When we asked expats what advice they would give a foreigner before buying a property in Russia, they said...

"1. It is important to research the local real estate market and understand the legal requirements for purchasing property in Russia. 2. It is advisable to hire a lawyer to help you navigate the legal process and ensure that all documents are in order. 3. You should also be aware of the taxes and fees associated with buying property in Russia, such as the transfer tax and registration fee. 4. It is important to understand the local currency and exchange rate when making payments for the property. 5. You should also be aware of any restrictions on foreign ownership of property in Russia. 6. It is also important to be aware of the potential risks associated with buying property in Russia, such as the possibility of fraud or corruption," said another expat in Russia.

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What do I need to know when buying property in Russia?

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New Holland Island in St. Petersburg, Russia
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