Menu

15 useful real estate terms in Russian

15 useful real estate terms in Russian
24 August 2021

Buying a flat requires a real estate vocabulary that must be learned in order to avoid making the wrong decision. In this sector there are concepts that will undoubtedly be very useful both in the purchase phase of the property and in the entire buying and selling process. This glossary of real estate terms might help you get to know some important real estate jargon so that you can make the right decision about whether a property is suitable for you.

 

1. Агент по недвижимости (Real estate agent)

They are authorised estate agents registered in the association of estate agents. The buyer’s agent represents the buyer in the home-buying process, and the listing agent represents the seller.

2. Договор о внесении аванса (The earnest money contract)

The amount of money given by the purchaser of a flat to a vendor as a deposit when buying a flat. Such a contract is considered to be a private contract between seller and buyer.

3. Бремя недвижимости (Real estate burden)

A financial obligation that is attached to a property. In other words: payments that either have not yet been made or are still owed. Before buying a flat, make sure that it is free of burdens so that the debts won’t fall on the new buyer.

4. Справка о пригодности жилплощади (Certificate of habitability)

This is the document that certifies that a property meets the requirements of habitability and solidity established by Decree and that it is suitable to be used as a residence. This document is mandatory for both renting and selling a property.

5. Оценка энергоэффективности (Energy Efficiency Rating)

It is an official document drawn up by a competent technician that includes objective information on the energy performance of a property. This document shows a score with a rating based on the CO2 emitted by the energy consumption of the heating, cooling, hot water and lighting installations of a building under certain conditions of use.

6. Европейская межбанковская ставка предложения (EURIBOR)

An interbank interest rate/benchmark index used by most European banks to lend to each other. This index is published daily and affects mortgages because it is often used as a reference for mortgage loans.

7. Ипотека с фиксированной ставкой (Fixed-rate mortgage)

A mortgage loan in which the interest rate does not change during the life of the loan. They are ideal for borrowers who want to lock in their interest rate and always want to know what their monthly payment will be and how much interest they will pay over the life of the loan.

8. Плавающая ипотека/ ипотекой с переменной ставкой (Variable-rate mortgage)

A variable mortgage is one in which the amount of the monthly payments varies according to a reference index (most commonly the Euribor). The interest rate applied to the mortgage is composed of the value of the Euribor plus a fixed differential.

9. Домашняя постановка (Home staging)

A real estate marketing tool that improves the image of properties, making it easier to sell or rent them.

10. Оценка недвижимости (Appraisals)

This is the process of developing an opinion of the value/possible selling price for an item or property. They’re typically used for insurance and taxation purposes.

11. Закрытие и затраты на закрытие (Closing and closing costs)

Closing costs are fees and expenses you pay when you complete the closing process on your home, in addition to the down payment. These costs can be 3 to 5 percent of the loan amount and may include title insurance, attorney’s fees, appraisals, taxes and more.

12. Сравнительный анализ рынка (Comparative market analysis)

This is an estimate of a home’s value that is used to help sellers establish listing prices and to help buyers make competitive offers.

13. Положение о непредвиденных обстоятельствах (Contingency clause)

A home purchase contract, a clause that defines a situation or action that must first take place in order for a real estate purchase agreement to be binding. This means that even though there is an accepted offer on the property, there are still steps that must be completed before the contract binds both parties.

14. Собственный капитал (Equity)

The difference between the amount of money you owe on your mortgage and the current value of your home.

15. Домашняя гарантия (Home warranty)

A contract between a homeowner and a home warranty company that provides repair and replacement services to major components of the home (for example swimming pools, spas, plumbing and air conditioning systems).

***

If you are interested in this topic and would like to invest in real estate in Russia, this page could help you to find out more about it and assist you in the process.

Posted by Fabio Reyes

Здравствуй! My name is Fabio and I study Applied Linguistics at the Zurich University of Applied Sciences in Switzerland. I am currently interning and studying Russian at Liden & Denz St. Petersburg, which is why I will be keeping you up to date with blogs related to Russia for the next 12 weeks. Stay tuned ?!

One response to “15 useful real estate terms in Russian”

  1. Zara Yusuf says:

    I want to buy a house in your country.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related posts
If you happen to find love whilst studying in Russia, you may like to know what is in store for you on your special day. Here are some Russian ...
Read more
Before coming to Russia, I had been warned of Russian winters. Whenever I told people that I would be here until December, a typical response ...
Read more
Krasnodar is Russia’s 16th biggest city by population. It is nestled in between Georgia, Ukraine and the Black Sea, in the far south of the ...
Read more
At "Liden & Denz" you can not only learn languages, but you also have the opportunity to participate in a wide variety of activities that ...
Read more
Have you ever felt irritated because you are unable to remember a word in another language? You have already studied and repeated it hundreds ...
Read more
Kazan - in the west hardly known is the beautiful capital of the semi-autonomous Republic of Tatarstan with its more than one million inhabitants ...
Read more
Welcome to our new video series: Immersive Russian, where you will learn by exploring some of the most exciting places in Russia! This week Liden ...
Read more
Have you ever found yourself missing being able to use English idioms whilst speaking Russian? Suffer no further, because I’ve compiled a handy ...
Read more
It has been a while since our last Russian language app review, but this week's is one you won't want to miss! As usual, the app is totally free ...
Read more
This historical Russian city is located not far from Moscow, at the Volga River’s confluence, and it was a major commercial centre in the 11th ...
Read more
  • This field is for validation purposes and should be left unchanged.

x
 
I love Russian course books
Did you know that Russian has six cases? Choose your level and get a free course book chapter to master them!