News
- Real estate construction reduced in Russia to 13 %According to Rosstat there was recorded peak reduction of constructing projects in the most favorable building month – in June. Participants of the constructing market point to the fact that market decline considerably exceeds official 13% , as June is th
- Reduction of prices for elite country villagesAccording to Incom corporation analysts in June owing to the increase of supply in countryside real estate the index of demand and correspondingly the average price level reduced.
- Hawaiian real estate is of great demand among American millionairesThe US consulting company Phoenix Marketing International made the classification of the most densely populated by millionaires places. According to the report about 7% of Hawaiian real estate owners have a fortune more than 1 million dollars.
- Average prices reduction for new buildings in Moscow doesn’t exceed 1%According to real estate analysts the average price for apartments in the new business-class building in July, 2009 in Moscow comes to 5,900 dollars for a sq.m (184,700 rubles for a sq.m).
- 20 years old businessmen buy elite real estate in ChinaAccording to China daily issue the majority of exclusive real estate buyers are younger than 30 years. Recently three 20 years old buyers acquired apartments in the most luxurious living complex of Shanghai (1 sq.m costs 14 370 dollars).
- There are no changes on Moscow real estate market in the south-western areaAccording to the information given by the real estate analysts there are no considerable changes in formation of real estate prices in the south-western areas of Moscow.
- Increase in apartments supply in June, 2009Real estate analysts recorded the decrease in options supply in May, 2009 and the increase in supply in June, 2009.
- Decrease in elite rental real estate supplyReal estate analysts record slump in elite real estate supply. It is explained by the fact that many owners are on vocations in summer. Last autumn the considerable increase in rental estate market took place and lasted till June, 2009.
- Constructing of 85% commercial real estate objects hold up in MoscowAccording to the experts of Bridge – consulting company constructing of about 85% commercial real estate objects are hold up in Moscow and 78% in St. Petersburg
- Real estate rent is awakeningThe number of rent deals has risen up to 40-50% in April-May 2009. According to Penny Lane experts, the demand for apartments, which rent price is 3000-5000 US Dollars per month, has risen.
- Buy and sell situation on the marketIt is interesting to notice the considerable increase of real estate demand comparing to the last decade of 2008. There were approximately 9000 buy-sale deals in the period from January to March 2009.
- Tycoons are selling villas on Cote d’AzurBig sale of elite property took place on Cote d’Azur this spring. Owing to the present market situation prices here have dropped considerably – up to 10-20%.
- “DOMINION” living complex is being built near “Universitet” metro stationA new living complex “DOMINION” is being built on the intersection of Vernadskogo and Lomonosovsky prospects, near the metro. This complex consists of 9-19 - floor 4 buildings, with underground parking lots.
- Rental price for the cheapest is 60 times less than the price for the most expensive flat in the Western district of the capitalRussian news & information agency “RIA NOVOSTI” published the account made by Doki real estate agency according to which rental price for the cheapest flat in the western district of Moscow is 60 times less than the rental price for the most expensive fla
- 200 “vertical” parking lots are to be constructed in MoscowAccording to Moscow construction complex information Internet portal, about 200 lots are to be provided for automated parking lots within the 3rd Ring Road limits.
- Buy and sale commercial market runs up to the lowest price levelAccording to the information given by the consulting company RRG, sale and buy commercial estate market runs up to the lowest price level.
- Rise of demand on rental real estate marketAccording to the information published in Russian news & information agency RIA Novosti considerable rise of demand on the rental real estate market is recorded.
- Crises results in frauds increase on the rental real estate market in MoscowRussian news & information agency RIA Novosti referring to the information given by Penny Lane Realty agency, announced about the increase of frauds on the rental real estate market.
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