In what way will it be possible to receive compensation for damaged / destroyed real estate property?

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There are some possible methods of compensation that will be applied depending on the situation, in particular:

 

1)    performance of construction-related works on a damaged real estate object for the purpose of its restoration and/or provision of construction materials for such works.

2)    provision of financial compensation by transferring funds to a special bank account of the recipient.

3)    financing the purchase of an apartment, other residential premises, a garden or country house (including financing the purchase of such premises/houses that will be built in the future, or investment/financing of its construction) using a housing certificate.

 

If the property is damaged but has not been destroyed, compensation will in most cases be received through the "еRecovery" mechanism, clause 2 above (see the link for more details).

 

Compensation for destroyed immovable property, in particular a house, a garden or a country house, is provided in the ways provided for in paragraph 2-3 above at the choice of the compensation recipient.

 

Compensation for a destroyed apartment or other room in the building, will be provided only in the manner specified in paragraph 3 above, that is, with the help of a residential certificate.

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