Real Estate & Investment News in Russia from Propertyshowrooms.com

High prices prevent the tourist market from developing

Tue, 9 Dec 2008 00:00:00 GMT

One of the most expensive tourist centers in the world – St. Petersburg might not stand the competition with European capitals, Russian daily Delovoy Peterburg reports...

Plans unveiled for St Petersburg's eastern fringes

Wed, 3 Dec 2008 00:00:00 GMT

Architect HOK has unveiled a master plan for St Petersburg aimed at regenerating the eastern fringes of the historic city...

Dubai, Russia and Slovakia show growth

Mon, 24 Nov 2008 00:00:00 GMT

The publication of the latest global house price index from Knight Frank has made headlines for a couple of significant reasons, both in terms of growth and also in shrinkage of property prices across the world.

The big headline came from the fact the global house prices fell in the past three months for the first time since records began. The survey, carried out by the global property consultancy each quarter, showed an across the board drop in house prices of 0.3 per cent compared to the second quarter of 2008. This is the first time a drop has been recorded, despite the fact that year-on-year figures showed a 3.8 per cent growth in prices.

The big winners in the price stakes over the past 12 months have been Dubai, showing an incredible 76 per cent rise in prices; Slovakia (31 per cent); Russia (27 per cent) and Ukraine (25 per cent). One of the surprise packages of those countries with rising prices over the past year was Bulgaria, showing a price rise of 26.8 Per cent on las...

Russians ‘favour investing in Spanish property’

Tue, 7 Oct 2008 00:00:00 GMT

Increasing numbers of Russian investors are looking into purchasing property in Spain rather than the stockmarket, it has been claimed. An expert at the Bolt Property Group said that the consistently good weather and the "stunning countryside" were major factors in the rising interest, reports easier.com.With a 46 per cent drop in the RTS index...

Russian interest in Bulgarian property market grows

Mon, 8 Sep 2008 00:00:00 GMT

There are times when the quot;Russian invasion quot; could be a pleasant surprise. When speaking of investments and buying property in Bulgaria, that is. Russian buyers seem to be the new hope of property developers after the tide of British and Irish clients has begun significantly to subside since last year. According to a survey by Green Life Property Development, as cited by Stroitelstvo Gradut weekly...

Bulgaria, Slovakia, Russia and Hong Kong showing big price increases, report finds

Thu, 4 Sep 2008 00:00:00 GMT

Bulgaria continues to post dramatic price gains, according to the latest Knight Frank Global House Price Index, one of the closely watched barometers of the industry. Even though the global market continues to slow, Bulgaria topped the second quarter index with a 32.2 percent price increase from a year earlier. Prices in Bulgaria have jumped 68...

Moscow Prices Falling

Wed, 3 Sep 2008 00:00:00 GMT

In August 18-24, the price of square meter of housing decreased by 1.5% and became equivalent to $4,140 in the economy-class segment of Moscow residential-development market...

Investment decline in St. Petersburg

Tue, 2 Sep 2008 00:00:00 GMT

During the first half of the year 2008 foreign investment volume into Saint-Petersburg economics has been increased by 9 pct (about USD 2.26 bln), but it is much less than a year ago...

Investors pulling out of Russia

Fri, 22 Aug 2008 00:00:00 GMT

Russia sees foreign investment fall as investors become more nervous following the recent conflict with Georgia...

AFI Development secures further approval for major Russia scheme

Wed, 20 Aug 2008 00:00:00 GMT

AFI Development has received further planning approval for its $7.6bn (£4bn) scheme in Kuntsevo in Moscow, Russia...

Mystery Russian buys world's most expensive property on French Riviera

Mon, 11 Aug 2008 00:00:00 GMT

A Russian billionaire has bought a luxury villa on the French Riviera for a record £329m. Villa Leopolda between Nice and Monaco is thought to be the most expensive house bought since Lakshmi Mittal's £57m Kensington home in 2004.

Villa Leopolda, the unnamed Russian oligarch's record-breaking turreted mansion, is "one of the most sumptuous villas" on the Cote d'Azur, according to The Times. Villa Leopolda, which previously belonged to King Leopold II of Belgium, has a "commanding view of Cap Ferrat and the Mediterranean and is often listed as one of the world's most desirable residences".

Roman Abramovich's staff have denied that he is the new owner of Villa Leopolda and its two guest houses, all of which sit in 20 acres of grounds filled with olive, cypress and lemon trees. Frank Sinatra and Ronald Reagan are among the guests who are said to have attended parties at the villa when it was owned by the "Fiat tycoon" Gianni Agnelli.

Villa Leopolda is currently occupied by Lily Safra, the widow of a Lebanese banker, whose tranquillity at the villa is thought to be ensured by former members of the Israeli special forces. Mrs Safra is due to move in September.

The Russian bear growls across the Atlantic

Fri, 18 Jul 2008 00:00:00 GMT

Rich Russians are 'raiding' the US property market and buying real estate at an astonishing rate, according to agents...

Mariinsky construction play: new act

Mon, 14 Jul 2008 00:00:00 GMT

French company RFR will adapt cupola project of the new building of Mariinsky theatre to Saint-Petersburg climate...

From Russia -- With Cash

Fri, 11 Jul 2008 00:00:00 GMT

As many of America's wealthy are roiled by the credit crisis and general financial gloom, a growing number of rich Russians are house-shopping -- and buying -- in costly U.S. enclaves...

International Real Estate News from Russia

Wed, 9 Jul 2008 00:00:00 GMT

There has been a great deal in the press recently regarding the fast emerging Russian market with details on Russian buyers investing in property around the world in ever increasing numbers. Six years ago the aiGroup created the full mechanism to enable International Real estate agents and developers to target and contact potential Russian investors...

The Russian bear invades Australia's Gold Coast

Thu, 24 Apr 2008 00:00:00 GMT

Australia's popular Gold Coast is undergoing a transformation of the Russian kind. The latest sales data shows the Russians are the biggest foreign buyers in the area...