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Statistics |
| Unique Visitors: 23 |
| Total Unique Visitors: 98218 |
| Visitors Out: 2602 |
| Total Visitors Out: 2610 |
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| UAE debut for $3.5bn Moscow project |
| 2008-05-10 16:08:00 |
The Metropol Group, a major Russian developer will unveil a mammoth $3.5 billion sustainable development project being built in Moscow at the upcoming Cityscape expo in Abu Dhabi.Based on cutting edge Japanese 'green' technology the 'city-within-a-city' Metropoliya project features a 1.5 million sq m mixed use development about seven kilometres from the Kremlin.Metropoliya will utilise the latest 'green' technology available by the world’s top architectural practice and global leader in sustainable designs, Nikken Sekkei of Japan at the Cityscape Abu Dhabi, which runs from May 13 to 15, said a top Metropol official.
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| luxury tour of the Russian capital |
| 2008-05-03 02:12:00 |
Think about it: Moscow only has 35,000 hotel beds that you'd actually want to sleep in; the visa problem seems to be a slow-motion explosion happening before our eyes; Moscow is an arduous four-hour flight away from most western European capitals; and Moscow has officially been anointed most expensive city in the world.In fact, the more you think about it, the more it becomes clear that whoever decided to host the Champions League final in Moscow has never been anywhere near the Russian capital in their life. So, whichever team lifts the cup on 21 May, the result will be the same: chaos.
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| Kardan real estate unit invests 27 mln euros in Russian office project |
| 2008-04-29 02:36:00 |
Kardan NV said Tuesday its Estate">real estate unit Globe Trade Centre SA is to invest 27 million euros for a 50 percent stake in an office development project in Russia.The office development, situated near St. Petersburg, is expected to generate annual net revenues of 53 million euros upon its completion.Completion is scheduled for between 2011 and 2013.The company said this is its first venture into the Russian real estate market.
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| Developer to Invest Billions in St. Pete |
| 2008-04-24 17:59:00 |
ST. PETERSBURG -- Hungarian property developer TriGranit Development has announced that it will invest $2 billion to $3 billion into new premises in St. Petersburg, including the construction of a shopping and exhibition complex.The development will be built on the site of the former Badayevskiye warehouses -- wooden buildings dating to the beginning of the 20th century located on Kievskaya Ulitsa, said Sandor Demjan, chairman of the company's board of directors, Interfax reported. The warehouses have caught fire several times in recent years and have been largely destroyed.TriGranit Development plans to complete construction within four years of obtaining the required permits from city authorities, Demjan told the news agency.
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| Real estate developers have blamed the huge disparity between construction costs and sale prices for Moscow apartments |
| 2008-04-21 03:58:00 |
The average sale price for residential housing in Moscow is currently 161,784 rubles ($6,900) per square meter, while the average building cost is just 34,692 rubles ($1,480), according to a survey by the Federal Construction and Housing Maintenance Agency, published on its web site.Since 2005, sale prices for a square meter of residential housing have climbed 140 percent while construction cost went up only by 64 percent, the report said.Developers generally concurred with the survey's findings, but many said the huge disparity was the result of a combination of official fees and unofficial payments, a euphemism for bribes, to officials and government structures.
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| Salans snares in-houser for Russia real estate team |
| 2008-04-17 05:04:00 |
Salans has hired a senior in-house lawyer as a partner in Russia, with Xavier Poulet-Mathis joining the firm's Estate">real estate practice in Moscow.Poulet-Mathis moves after a spell as head of legal affairs at Bouyguesstroi, the Russian subsidiary of French construction giant Bouygues Bâtiment International.Poulet-Mathis had led the legal affairs division at Bouyguesstroi since 2004. Before that he was based in Paris and was responsible for Bouygues’ construction projects in emerging markets since 2001.His practice focuses on issues related to construction projects in emerging markets, especially in Russia. His experience includes negotiating secured international construction contracts with limited recourse financing.
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| Boom in Moscow’s commercial real estate |
| 2008-04-14 09:35:00 |
Currently commercial Estate">real estate in Moscow - including offices, trade and warehouses - offer the highest yields in Europe. At the same time Russia’s regions are also becoming attractive for investors with long-term strategies.According to Knight Frank research, despite the challenges caused by the global credit crisis, investor interest will only grow.“The German funds, English, Irish investors - all of the people we would see in the emerging markets. I've just come from Dubai. There's a lot of interest in commercial space there, but because it's all sold strata title it's less attractive for the big investors. What we're seeing here is big fu...
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| From Russia With Cash |
| 2008-04-12 11:17:00 |
Russian real estate - Moscow and St. Petersburg could be the Houston and Dallas of 30 years ago. Yesterday's Texas oilmen are today's Russian banking and commodities tycoons (and their ladies)--with their armored SUVs, haute couture clothes and breathtakingly expensive jewelry.And just as the oil cowboys in the 1970s were living like they didn't know if tomorrow would come, Russia's newly rich aren't afraid to enjoy their money--while oil prices continue to pump up the country's economy.
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| Real estate in Krasnodar region becomes more attractive for investors than in St. Petersburg |
| 2008-04-10 01:27:00 |
Russian Estate">Real Estate - After the announcement of Sochi the capital of Olympic Games for 2014 in 2007, the growth of price for Sochi real estate has practically approached the level of Moscow. Today, according to assessments of the management of Мodus investment-building company, the real estate market of Krasnodar region takes the second place in investment attractiveness in Russia after Moscow, having outstripped St.-Petersburg and Yekaterinburg in its competitiveness.While expecting the decision of the International Olympic Committee (IOC) and after its announcement, Sochi real estate prices grew by 10% per month while growth of the capital market during 2007 did not exceed a mark of 1-1.5 % per month
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| Red Army Real Estate Riot |
| 2008-04-04 16:39:00 |
April 4, 2008: The Russian armed forces is finally coming to grips with the fact that it will never return to the glory days of the Soviet Union (which dissolved in 1991). The military was called "the Red Army" back then. A sign of these changes is a huge property sale now underway. The military is auctioning off some very valuable property. The armed forces had acquired, during the Cold War, some 135,000 square kilometers of land (including 7,640 bases and 175,000 buildings). A lot of it is now prime Estate">real estate, much in demand in a booming economy. It's estimated that all this real estate is worth at least $12 billion. So much of it is being sold off to raise money for construction of housing for the million military personnel still in service.
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| Will Moscow's Real Estate Bubble Burst? |
| 2008-04-01 15:14:00 |
This spring, prime office rents in Moscow are going above $2,000 a square meter, 50 percent higher than rents paid for offices in the "trophy" skyscrapers of midtown Manhattan.On the supply side, the Moskva-City development marches ahead, hewing to a schedule to bring on line one major building a year until 2015. By then, Moscow, sometimes called the "Manhattan of the East," is to have the 10 tallest office buildings in Europe.Is Moscow's office market a bubble waiting to pop? The answer is No.Moscow currently has 7.4 million square meters of modern office space, about the same as Amsterdam. But Moscow has 10.6 million people, compared with Amsterdam's 750,000.
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| Tesco has designs on Russia, say real-estate advisers |
| 2008-03-28 15:30:00 |
Jeff Kershaw, senior director at the Moscow office of CB Richard Ellis Group, is one of three real-estate advisers who have revealed they have held talks with the supermarket giant.Kershaw has said Tesco is looking for ways to enter the Russian market, which is believed to worth some $191bn.If Tesco was to enter Russian retail it would face competition from X5 Retail Group NV (Russia's largest supermarket owner), and German group Metro, as well as French retailer Carrefour.
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| Need for a real estate authors from Russia |
| 2008-03-23 18:25:00 |
Hi from Tam Tree , hope you like the Russian Estate">real estate news blog.I need real estate authors from Russia to help me coverage the areas of Moscow and St Petersburg.Please send email if you like to participated in this effort. Thanks !tamtree@gmail.com
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| Real estate perspectives for the region of Moscow in 2008 |
| 2008-03-22 10:55:00 |
As the most fundamental obstacles for Estate">real estate in the Moscow region, Voronin identified bureaucracy and the physical scarcity of building materials. Although the production of materials is actively developing, he does not expect to see a breakthrough in the next five years. As a recommendation to private real estate investors in the region, Voronin remarked that currently economy class residential space remains the most liquid with nevertheless a high potential for growth. However, he noted, "A more interesting idea is investment in "gated communities". According to Voronin, these communities carry with them a higher margin of profitability, but their attractiveness depends on the length of the desired commitment, as they are less liquid.
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| Moscow is ready to OK a new law limiting foreign investment in key sectors |
| 2008-03-20 06:06:00 |
The rules for foreign investors in Russia have often been murky. But a landmark new law due to be approved by Russia's parliament on Mar. 22 should at least make matters a little clearer. The Kremlin-backed statute will regulate investment in so-called strategic sectors of the Russian economy, meaning that foreigners will henceforth have to seek government approval if they plan to make significant investments.The law represents the culmination of a trend in recent years toward greater economic restrictions in Russia. The government has noticeably cooled toward foreign investment in sectors deemed to be of strategic importance—notably the crucial energy and minerals segments.
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| Profitability of real estate market in Azerbaijan is 1.5-2 times higher as compared to Moscow |
| 2008-03-17 02:51:00 |
Azerbaijan's attractiveness for investments is mainly caused by growing GDP. Thus, Azerbaijan's GDP growth makes up 35% per year, as compared to Russia where GDP rises only by 7-8%.Currently, large share of investments into the Azerbaijani Estate">real estate market is made by local companies and entrepreneurs, however Moscow investment companies have just paid a special attention to this market.In particular, the National reserve corporation plans to build a business center in Baku to take about $200,000,000.
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| Property sell-off by Russian army |
| 2008-03-13 14:03:00 |
The Russian army is set to raise money by auctioning off some of the property it owns, according to reports in the Russian press.Newspapers in Moscow say the auction will include mansions, unoccupied land, and even whole towns.The purpose of the sell-off is to raise money to build much-needed modern housing for army officers.No fewer than 122,400 military families are said to be waiting for self-contained accommodation.Some have been on waiting lists for years.
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| Moscow: most promising property market in Europe |
| 2008-03-11 11:48:00 |
Moscow real estate beat Paris for the title of Europe's top market in terms of investment appeal and growth potential, according to a survey presented at the 19th edition of the MIPIM international real estate projects exhibition that opened in Cannes on March 11, investor.bg reported.Rental market’s robust growth and rising supply of residential and retail space have turned the Russian capital into a tempting place for investment, offering a rich gamut of development opportunities, according to a study on the trends in European real estate, conducted by consultancy companies Urban Land Institute (ULI) and PricewaterhouseCoopers.Last year’s winner, Paris, dropped to fifth with regard t
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| Russian Shopping Centers Trade for $109M |
| 2008-03-08 03:34:00 |
MOSCOW-Finnish real estate investor Sponda has purchased two fully leased Russian shopping centers, with a total of 167,000 sf, for $109 million. The complex deal was a stock transaction with simultaneous closings in Sweden, Cyprus and Moscow.The seller of the two “Sun Paradise” shopping centers was London & Regional Properties, one of the largest private property companies in Europe, based in London. They were represented by the Washington, DC-based law firm Orrick, Herrington & Sutcliffe.“This was an investment sale between two large Western European private equity funds, which is an indication of the growing sophistication of the Russian real estate market,” Olga Sirodoeva, the Orrick lawyer who led the transaction, tells GlobeSt.com. “The R
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| Goldman Sachs Invests $2 Bill. in Russia real estate |
| 2008-03-04 17:14:00 |
The Goldman Sachs investment bank, which has Estate">real estate investment worth $23.7 billion worldwide, will begin investing in the Russian real estate market. The bank is in the process of forming a $4-billion fund for real estate investments in the BRIC countries (Brazil, Russia, India and China). Almost half of the money will go to Russia and, of that portion, two-thirds will be invested in Moscow and the remainder in St. Petersburg and other cities with populations over 1 million.
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| American company invests $200-350 million in commercial real estate in Russia |
| 2008-03-01 02:50:00 |
Invesco Estate">Real Estate is going to invest about $200-350 million in Russian commercial property. Central European Real Property Fund II, managed by Invesco, has attracted 700 million Euros of investments to put into real estate projects in Eastern Europe. $200-350 million from the attracted funds will go for construction of business buildings, warehouses and sales centres in Moscow and St. Petersburg. The company is prepared to acquire several commercial real estate objects at the moment, but the representatives of Invesco Real Estate are determined to withhold names of the objects until the close of the t
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| Moscow International Property Show |
| 2008-02-25 01:51:00 |
The Russian real estate market has set an all-time investment record of over USD 4.2 billion (AED 15.4 billion) in 2007, due to the increase in international players entering the market and the growing activity of local investments. In a bid to leverage the rapidly growing market, Strategic Marketing & Exhibitions, organizers of the International Property Show in Dubai, and Trade Mate, a leading exhibitions management company in Moscow, launched the Russian edition of the biggest transactional exhibition in the Middle East. The Moscow International Property Show, which is slated to run from October 24 - 26, 2008 at the Exhibition Center Crocus Expo, Moscow, is set to witness the p
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| Real estate prices surge in Moscow |
| 2008-02-22 14:42:00 |
Moscow’s Estate">real estate prices appear to be on the rise once again - with some estimates as high as 10% over the first two months of 2008. And some reports put the average cost per square metre of housing in the Russian capital at almost $4,800.Economy, business, and high-end real estate are all exposed to the trend as more people look to buy into property, according to Ekaterina Thain, residential department director of Knight Frank.
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| Belarus' Real Estate Market |
| 2008-02-17 16:08:00 |
All land in Belarus is publicly owned -- even Belarussians who buy homes or commercial buildings usually receive only a 50-year lease on the land. And all transactions involving state property valued at more than the equivalent of $150,000 must be approved personally by President Alexander Lukashenko.Sale prices are expressed in dollars but paid in Belarussian rubles; rents usually are expressed in euros.Neither foreigners nor foreign legal entities are allowed to buy property, although it can be done indirectly through Belarussian companies. "Everyone has their own strategic plan to participate in projects in different sectors here," said Mikhail Gradovich, managing director of Colliers International Belarus.
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| ST. PETERSBURG REAL ESTATE |
| 2008-02-14 18:00:00 |
Russian entrepreneur Andrei Rogachev, founder of the Pyaterochka and Carousel supermarket chains, plans to invest $4 billion in property developments in St. Petersburg and other cities, Kommersant reported last week.Rogachev plans to invest $1 billion of his own money into a new holding, Terra On, and raise $3 billion from other investors, the newspaper reported, citing an unidentified person familiar with Rogachev’s plans.
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| Moscow is the most expensive city in the world for the second year in row |
| 2008-02-12 02:36:00 |
Moscow prices do exceed those of New York by a large margin on most goods. Almost any shopping item you can imagine is cheaper in New York than in Moscow: Clothes, cars, jewelry, furniture, supermarkets and restaurants are considerably cheaper. Even expensive restaurants and gourmet-food stores are much more affordable in New York. For example, Dean and Deluca's prices are half those of Globus Gourmet. Moreover, the affordable mid-market brands, like Gap or Banana Republic, are not even represented in Moscow.
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| New Residential Area Planned |
| 2008-02-07 19:08:00 |
The Dubai-based Limitless company, the development arm of Dubai World, and the Russian investment firm RDI Group are to develop a new real estate project near Moscow, the companies announced Tuesday.The new residential area, with an estimated population of 12,000, will be located on 113 hectares of land in the northwest of Moscow.
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| Russian Boom town blues |
| 2008-02-04 15:09:00 |
The residential property boom that has engulfed Moscow over the past few years is, by almost any measure, impressive. Buoyed by Russia’s rapidly expanding economy, domestic property buyers spent an estimated $20bn in the capital last year, according to government statistics. Home prices in prime city locations are soaring and estate agency Knight Frank’s Moscow office predicts that appreciation rates could rise a further 18 to 25 per cent through 2008.
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| St Petersburg deal hands Dentons Russia fillip |
| 2008-01-31 16:05:00 |
Dentons agreed the tie-up with 18-lawyer Duvernoix last week in a move that will give the UK firm its second base in Russia. The St Petersburg firm specialises in corporate, tax, litigation and real estate advice and is led by managing partner Egor Noskov.
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| Russian real estate developer forms strategic alliance |
| 2008-01-28 01:17:00 |
The Otkritie-Estate">Real Estate Company, an affiliate of Otkritie Financial Corporation, is poised to sign a strategic partnership agreement with the Austrian developer Strabag today, the Russian developer told RBC Daily. Strabag is expected to be appointed Otkritie-Real Estate's general contractor at the Russian company's building sites, while Otkritie-Real Estate is to be involved as a real-estate developer for Strabag's projects. The partners are planning to launch three new projects worth a total of $500m in the near future. Both companies believe that the partnership is projected to be very profitable for the Russian developer.
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| Singapore Invests in Moscow Region |
| 2008-01-22 19:30:00 |
The Singapore government's real estate investment fund on Monday announced it was taking the plunge into the Russian market, putting $233 million into a project with leading developer PIK Group to build a self-contained neighborhood in the Moscow region.GIC Real Estate, part of the Government of Singapore Investment Corporation, said in a statement that an affiliate company had acquired a 25 percent stake in the mammoth, 114-hectare Yaroslavsky development in the town of Mytishchi, northeast of Moscow.
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| Russia "land of opportunities" for retailers |
| 2008-01-19 16:52:00 |
There's no place like Moscow for global retailers looking to expand over the next five years, according to a survey of 250 retail firms from 23 European countries released on Thursday.The survey, conducted by real estate consultancy Cushman & Wakefield, ranked Moscow as the choicest city for retail market growth, and had Russia tied with the United Arab Emirates as the most attractive country.
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| Taking a chance in Belarus's real estate market |
| 2008-01-14 18:19:00 |
All land in Belarus is publicly owned - even Belarusians who buy homes or commercial buildings usually receive only a 50-year lease on the land. And all transactions involving state property valued at more than the equivalent of $150,000 must be approved personally by President Alexander Lukashenko.Neither foreigners nor foreign legal entities are allowed to buy properties, although it can be done indirectly through Belarusian companies. "Everyone has their own strategic plan to participate in projects in different sectors here," says Mikhail Gradovich, managing director of Colliers International Belarus.
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| Moscow's Big Space Shot |
| 2008-01-09 18:15:00 |
Moscow has seen a building boom over the past five years and is setting its sights higher. Even with problems wracking credit markets, the city has taken early steps to add the world's biggest building to its rapidly expanding skyline.Last week, Moscow's Public and Architectural Council granted preliminary planning permission for Crystal Island, a proposed development on the metropolis's Nagatino Peninsula that is designed to contain more floor space than any other building in the world.
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| Sistema-Hals in partnership with Apsys for Russian retail property development |
| 2008-01-03 03:05:00 |
Russian property developer Sistema-Hals JSC said it has signed a strategic partnership agreement with Apsys, the European real estate developer, to co-develop and manage retail projects in Russia in a 50-50 joint venture.Separately, Sistema-Hals announced a strategic partnership with Saraya, a real estate development and asset management company investing in travel and tourism, to invest in Kamelia Investment Co to develop a Saraya branded project at the Black Sea in Sochi.
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| Latvians bracing for fall after an economic boom |
| 2007-12-30 07:05:00 |
RIGA, LATVIA — Like other Latvians, Ralfs Jansons has been on an economic rocket ride that has taken him from Soviet Union austerity to free-market nirvana.As a boy in communist-era Riga, Jansons' family lived in a communal apartment with two families that peddled illegal liquor and sometimes stole his clothes. Today, Jansons, 36, drives a Toyota Land Cruiser, lives in a posh downtown flat and handles real estate for an investment firm with a $5 billion portfolio.But as the boom that transformed Latvia and its Baltic neighbors winds down, Jansons and his countrymen are left pondering two questions: Are tough times ahead, and how tough will they be?
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| Homburg Invest Inc. announces Baltic property acquisitions |
| 2007-12-28 14:05:00 |
Homburg Invest Inc. ("Homburg Invest" or "The Company") announces that it has finalized its acquisition of the "Baltic" portfolio consisting of 54 properties located in Estonia, Latvia and Lithuania (the "Baltic's") from SEB Group ("SEB"). The transaction was previously announced on April 26, 2007, when SEB and Homburg Invest entered into an agreement to acquire the Baltic portfolio. Due to the exercise of pre-emptive rights by third parties for certain of the properties, the acquired portfolio consists of 54 properties instead of the original 63 properties previously announced. With respect to the properties, 39 are occupied by SEB under long-term leases and 15 properties are primarily leased to other tenants or have s
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| E-STAR PROPERTY acquires office building in St. Petersburg |
| 2007-12-22 13:43:00 |
Real estate investment company E-STAR PROPERTY AS has signed a letter of intent to purchase a 7200 m2 office building in St. Petersburg, Russia, from Stockholm listed Russian real estate developer Ruric AB. The purchase price will be USD 30 million subject to a six year lease to a Swiss multinational and represents a triple net yield of 8,5 percent in the first year.
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| Moscow real sector to grow |
| 2007-12-15 00:36:00 |
Moscow's real economy growth is projected to reach 11-12 percent in 2007, Moscow Mayor Yury Luzhkov told a real estate taxation conference, adding that the non-financial sector had started developing at a steady pace after the financial crisis of 1998 and had been gaining 11 percent annually. Luzhkov added that Moscow's GRP was expected to double by as early as 2009, a year earlier than envisioned by President Vladimir Putin's program.
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| Russian commercial real estate market set to expand |
| 2007-12-08 00:43:00 |
RBC, 05.12.2007, Moscow 19:57:40.Russia's commercial Estate">real estate market is set to grow by 10 to 15 percent on average, experts believe. This year, Moscow, St. Petersburg and other cities with the population exceeding 1m people have seen a rise in new commercial real estate facilities put in operation. A significant increase in demand for commercial real estate is linked to a certain degree to the fact that this business is fashionable, stable and remunerative. Moscow's real estate market is already nearing saturation, and the focus is shifting towards regio
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