Two years ago, in February 2017, we commenced the construction of the Marinist Residential Complex, a project that could be developed and implemented only in Vladivostok.

The Marinist has become a reference project for Vladivostok. No new residential buildings have been erected in the historical center of the city for more than 20 years as the development in such areas is extremely difficult for technical, financial and bureaucratic reasons.

As a result, an ultramodern building and high-tech filling. Architectural and engineering solutions, communications, materials, infrastructure ... all this was done at such a high level that analysts from Moscow Metrium Group classify the Marinist as not business class but the “premium” one. Today, when all four towers of the complex have already been completed, few people remember the skepticism with which the project was initially considered. Too expensive, bad location, minimal investment potential – they’ve talked about a lot of things.

But it happened differently. The high demand for apartments in the Marinist (two thirds of apartments have been sold now, the first buyers came before the “excavation stage”) showed that high-standard housing is not just in demand but is just a scarce commodity. Many people want to live in the city center but before the construction of the Marinist they had to consider “old stock” options only.

The market rated the Marinist as an extremely promising project. We should note that you can invest even now as the Residential Complex will be commissioned not tomorrow but in the third quarter of this year; it is well known that after delivery the price usually rises significantly.

The success of the project is due to several key factors. In addition to its location in the historical center, excellent architectural solution and an outstanding pool of partners, it is worth noting the guarantees of timely completion of the project that is unique for the Vladivostok real estate market. Areal-Property not just significantly invested its own resources in the project but also secured the support from the largest bank of the country: as part of project financing, the Company opened a credit line with Sberbank PJSC. The Company is a resident of Vladivostok Free Port with the declared investments of 1.5 billion rubles.

The factor of changing national rules for construction companies is also very important. Since July 01 of this year, the concept of “shared construction” will forever be a thing of the past, shared construction participants’ funds that were free for developers will actually have to be substituted with bank loans, and experts predict a significant (up to 30% in a five-year period) increase in housing price. In other words, if you have spare money, it’s time to invest them. Moreover, mortgage rates are still at the historically lowest level.