We all remember the last decade of the last century, when the Russian ruble lost its position, and the dollar reigned. It was “Green Paper” who wanted to see those people who sell something valuable, especially real estate.
At the beginning of the new century, everything changed. In 2003, the confident strengthening of the ruble begins, and the real estate market could not help but respond to this, moving to the Russian currency.
Nowadays, the law is in force that all calculations in Russia should be made in rubles. Even in advertising, prices should be in national currency. However, as in the nineties, few have observed such requirements of the authorities, this is how it is now.
According to statistics, 85% of transactions in the secondary real estate market occur according to an alternative program: that is, people sell one housing in order to buy another better better. In such transactions, sellers do not matter in which currency they will pay with them. But the remaining 15% just sell excess real estate (for example, inherited) in order to transfer the proceeds to foreign currency and put in the bank. It remains only to look at the exchange rates and at every opportunity to get a profit from this.
Representatives of real estate companies note that the cheaper the segment of the real estate market, the more calculations in rubles. But in the expensive segment, transactions take place in the currency that is convenient for customers.
Despite the current law, 50% of transactions occur in dollars, 30% in euros, and only 20% falls on rubles. Moreover, real estate calculations in foreign currency are often not converted. The buyer pays the price set by the seller and all. Few of them at the time of the transaction thinks about the law, the observance of which few people follow.
Where currency courses appear, there is an opportunity to profit from one side and lose the other. Apparently, it was precisely for this that the law on calculations in rubles was adopted. With the proceeds for the sale of real estate of foreign money, we advise you to transfer them into rubles, given the instability of the dollar and the euro. It is better not to get involved in foreign currency games, so as not to lose a round amount of money in the future.