Investments in real estate are traditionally considered the most profitable due to the constant increase in housing prices in large and resort cities. The leaders, in addition to Moscow and St. Petersburg, are Sochi, to which people come from all over the country in search of heat and sun.
When the temptation is too great
Of course, the main excess profits from the sale of real estate go to construction companies. However, a simple person also wants to appropriate a little joy. For example, if the property has at least a small piece of land in a popular place, then the temptation to build an apartment building on it becomes too strong. And even completely irresistible.
Sochi resort is famous for its self-constructed buildings. The owner of even the smallest piece of land in the coastal zone seeks to build, if not a multi-story building, then at least a small hotel with five floors and twenty rooms.
One hundred million in 7 years
Not so long ago it became known that one of the Sochi entrepreneurs illegally built a multi-storey residential building with 38 apartments in 2011. The full implementation of the entire project took seven years, and the city prosecutor found out that during this time the unlucky builder had saved more than 95 million rubles.
It remains a mystery how to build a house before everyone's eyes and not get permission for it. No less a mystery is represented by buyers who did not consider it necessary to check all the necessary documents. Of course, no one paid taxes from the proceeds either. Illegal buildings are common throughout the Krasnodar Territory, but in a big city they are easier to hide or easier to pretend that you do not notice them.
Be careful
Real estate fraud is not uncommon, since profits are usually large and demand is huge. If you don’t feel sorry for the Sochi entrepreneur at all, his customers can only sympathize. After all, now they will have to make a lot of efforts to recover losses. And the repair of new apartments has already been done, furniture has been bought, but the house will most likely be demolished.