Property
Home improvements
Fancy a 19th-century Prussian fortress? The Grolman Bastion in Kaliningrad is for sale for just one Russian ruble (€0.02). The catch? It’s in disrepair and according to a new initiative by the Russian Ministry of Culture – under which a handful of heritage-listed properties outside Moscow have gone up for sale – investors are required to restore the property in question to its former glory within seven years. But once refurbished it’s yours for 49 years and you’re free to profit from the rent. The federal-level programme follows in the footsteps of a similar Moscow-based enterprise in which investors are required to rent listed sites at a sizeable cost over the course of the restoration period before gaining ownership. This had led dishonest patrons to rush refurbishments to avoid forking out too much. The federal initiative hopes to avoid that.