On October 14, a business breakfast "Money and Square Meters 2026: a new architecture for financing and calculations in the real estate market of St. Petersburg and LO" was held in St. Petersburg as part of the XIX Consumer Confidence Competition. Galina Petrova, Director of the Absolut Insurance branch in St. Petersburg, took part in the event.
The meeting participants discussed changes in the mortgage market, the development of installments and trade-in, as well as new settlement schemes between buyers and developers. Against the background of high rates, buyers are increasingly combining different financing methods, so transparency of the terms of the transaction and protection of invested funds are of particular importance.
Galina Petrova spoke about two areas of protection when buying a home: insurance and government guarantees. "Market-based insurance tools can protect real estate from damage, reduce the risks of loss of ownership, and insure the life and health of a mortgage borrower," the expert noted.
Galina paid special attention to the insurance of deposits and funds in escrow accounts. The current limit of insurance compensation on escrow accounts for transactions under equity participation agreements is 10 million rubles. Against the background of the rising cost of real estate, the question of the adequacy of this limit is becoming more relevant.
Absolut Insurance's participation in industry discussions helps raise awareness among market participants about the possibilities of insurance protection in real estate transactions.
Please note that this press release is based on materials provided by the company. AK&M Information Agency shall not be held liable for its contents, nor for the legal and other consequences of its publication.
