Real estate for business in quarantine / RBC News Agency
Legal aspects of purchasing, constructing and leasing real estate for businesses during the COVID-19 coronavirus pandemic.
The period of total self-isolation is a period presenting high economic risks, lawyers say. This is especially critical for those making real estate transactions. Now on the market you can find real estate items at a discount and can conclude a favorable contract for a purchase or lease. Further, you can obtain a distressed asset. How do you choose and what do you need to take into account when making a deal? This is the information contained in RBC St. Petersburg’s materials.
Arina Dovzhenko, a Partner and Head of the Real Estate & Construction Practice at Borenius Russia, commented to RBC News Agency on what you need to pay attention to when making a deal for real estate during the pandemic.