Real Estate & Other News in Russia from Propertyshowrooms.com

UAE makes a big splash in Moscow

Wed, 12 Nov 2008 00:00:00 GMT

The first International Property Show (IPS) of Moscow kicked off here on Sunday, with developers from the UAE comprising about 55 per cent of the exhibition...

Russian media: Estonian Soviet Socialist Republic was declared in North-East Estonia

Thu, 4 Sep 2008 00:00:00 GMT

Information is spreading in Russian media that two farms located near the Russian border in North-East Estonia have declared Estonian Soviet Socialist Republic...

Russian denies buying world's most expensive house

Tue, 19 Aug 2008 00:00:00 GMT

Russia's fifth richest man denies reports that he has bought the world's most expensive home...

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.

World's most expensive cities

Wed, 30 Jul 2008 00:00:00 GMT

In 1998, Moscow was in crisis. More than 100,000 Russians took to the streets as a slew of banks--and the life savings of millions of citizens -- went bust. But just a decade later, the global commodities boom has made Russia flush with cash, and Moscow has become a pricey place to live...

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...