State Duma adopted on first reading amendments to the Law On the equity participation "could provoke a further increase in housing prices and increase the number of deceived depositors. Told the chairman of the Public Anti-Corruption Committee, Anton Belyakov. He believes that the amendments reduce the responsibility of the concerned financial groups, which are lobbying for amendments to the law. Recorded on March 14 this year, the Association of Victim Assistance investors share construction, which is a member Belyakov, together deceived citizens and similar regional associations throughout Russia. Briefly recall the essence of the most important changes: if 1 May 2005, the share of construction to the case of violation of some item related to construction, to unilaterally terminate the contract, now is the right can get and developers. In addition, in parting with the developer, a citizen could claim he had returned the money, the interest for the use of their capital, as well as a penalty for non-compliance. All this can be required now, but if the new version of the law enters into force, the maximum fine will be reduced to 14% of the amount originally invested by the citizen and the number of interest payable reduced by half. In addition, the developer may exercise its right of unilateral termination of the contract and for breach of the obligations of a citizen-investor - such as payments received for a day or two later - can break a relationship with him and bring him back dengi.S Given the rate of growth in property prices in the capital amount paid by the citizen-investor can greatly depreciate. Also in accordance with the new amendments financially responsible institution will only developer, and the banks had been lending to the construction, from this unpleasant duty exempt. It is not known whether the amendment will be the second and third reading, but what they are discussed in the Duma, must inevitably cause a rise in property prices, says Belyakov. In his view, the amendments themselves would benefit only the financial banking groups and directly to developers, and interest holders will remain the most rightless category of real estate market. "The new version of Act 214 will hit the pockets of every Russian who wants to buy property or invest their money in the process of construction", - said Belyakov. After passing the law № 214 construction market has ceased to grow at great speed, as banks have almost ceased to invest in this more recent stunning lucrative market. Meanwhile, the situation where investment in real estate guaranteed fabulous profits when an apartment in Moscow or St. Petersburg was any more reliable security, as not to devalue and bring a guaranteed profit, and scheduling and developers and bankers. But that's the citizens themselves to not get anything other than price increases. Now, they want to fight for their rights, and exclusively in the legal field and the combined efforts of all the associations that exist in Russia. As stated by Anton Belyakov, Coordinating Council of the Association of Victim Assistance investors share construction is in constant contact with the initiative groups of people affected by unscrupulous builders - only in Moscow and suburbs such groups more than fifty. Increasingly, however, the Moscow authorities did not give permission for holding pickets: April 4, the protesters would gather at a rally near the monument to Yuri Dolgoruky, but they refused. Disclaimer motivated by the fact that in place of the meeting will be posted vehicles belonging to staff of the Moscow City Hall. However, Belyakov said the fact that the team Resin promised to solve the problems of co-investors wronged by 2008.
