Real Estate & Property Investment News in Russia from Propertyshowrooms.com

Debts in exchange for square meters of residential real estate

Mon, 26 Jan 2009 00:00:00 GMT

Developer’s company issued obligations for 22 billion rubles, Russian daily Delovoy Peterburg reports...

Dollar doesn’t bring down the growth rates

Mon, 12 Jan 2009 00:00:00 GMT

The new year started with ruble devaluation, Russian daily Delovoy Peterburg reports...

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...

Russian rates up as rouble falls

Fri, 28 Nov 2008 00:00:00 GMT

Russia's central bank increases its key interest rate to 13% from 12% and the rouble weakens by about 1% against the dollar and the euro...

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...

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...

Russia hikes rates to help rouble

Tue, 11 Nov 2008 00:00:00 GMT

Russia's central bank increases its key interest rate to 12% from 11% in an attempt to reduce an outflow of capital...

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...

Russia's top investment bank eyes global expansion

Tue, 23 Sep 2008 00:00:00 GMT

MOSCOW: Russia's biggest investment bank on Monday said it would take advantage of global financial turmoil to expand internationally after unveiling...

Russia Facing Economic Isolation

Fri, 19 Sep 2008 00:00:00 GMT

With economies across the globe slumping, one country's economy is facing a different problem: foreign investors are fleeing from investments in Russia. For more on this, read the following article from Money Morning: While U.S. financial turmoil has seeped into virtually every global market, Russia...

New nose dive of Russian stock market

Thu, 11 Sep 2008 00:00:00 GMT

On Wednesday Russian stock market took another nose dive. The situation on the money market remains tough as well...

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...

Big Georgian money in Saint-Petersburg

Mon, 8 Sep 2008 00:00:00 GMT

Shota Boterashvili, one of the richest Georgian oligarchs, has turned to become a partner of “VTB-Development”, which realizes two biggest investment projects in Saint-Petersburg: construction of elite residential real estate complex “Europe Embankment” and commercial real estate complex “Nevskaya Ratusha”...

Russian ruble is a loser

Fri, 5 Sep 2008 00:00:00 GMT

On Thursday Russian ruble dropped 1,3 pct against American dollar. It took Russian currency just 1,5 months to lose 9 pct...

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...

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...

Foreigners lost billions of dollars in Russia

Tue, 19 Aug 2008 00:00:00 GMT

The foreign funds focused on Russia lost during the war between Russia and Georgia over one billion dollars but the losses can be even greater...

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...

Etihad Moscow flights to launch in December

Mon, 18 Aug 2008 00:00:00 GMT

Etihad Airways will launch flights to the Russian capital, Moscow, from its Abu Dhabi home base on Monday 1 December 2008 and with flights to the Kazakhstan capital, Almaty, commencing the following day on Tuesday 2 December...

Yorkshire cuts mortgage rates again

Fri, 15 Aug 2008 00:00:00 GMT

For the second time in a week, Yorkshire Building Society has cut the cost of short-term fixed-rate mortgage borrowing...

Chinese-funded Economic Zone debuts in Russia

Tue, 12 Aug 2008 00:00:00 GMT

The first phase of a Chinese-funded economic and trade cooperation zone that has gone into operation in Russia’s Ussuriysk will simplify trade procedures. The zone, located in the city of Ussuriysk near the border of Heilongjiang Province in northeast China, is one of six zones to be established in foreign countries — the others are Zambia...

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...

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...

Raven Russia ties JV knot in St Petersburg

Wed, 16 Jul 2008 00:00:00 GMT

Raven Russia has struck a joint venture agreement to develop a $216m (£107m) warehousing scheme near St Petersburg...

Enterprise Estonia: tourists from St Petersburg are important for us

Wed, 16 Jul 2008 00:00:00 GMT

Tarmo Mutso, the director of Enterprise Estonia, told postimees.ee that he cannot say the exact number of tourist coming from St Petersburg but according to him, they are definitely valued customers whose number may decline after the closure of Tallinn-St Petersburg train service...

GoRail to stop its Tallinn-St Petersburg passenger rail service

Tue, 15 Jul 2008 00:00:00 GMT

Estonian rail passenger operator Go Rail said yesterday it had decided to terminate the Tallinn-St. Petersburg passenger rail service from September 1...

Estonian Air expands cooperation with AVIAREPS to Russia

Tue, 15 Jul 2008 00:00:00 GMT

After more than ten years of successful cooperation, Estonian Air has chosen AVIAREPS for its representation in Russia...

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...

L&R sells $185m Ducat Place II in Russia

Fri, 11 Jul 2008 00:00:00 GMT

London & Regional has bought its sales in Russia to nearly $400m (£202m) with the sale of its Ducat Place II office building in Moscow to Finnish investor Sponda...

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...

Raven’s Russian restructure

Wed, 9 Jul 2008 00:00:00 GMT

Raven Mount has undertaken a restructure which will see its Russian property fund manage itself...

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...