Real Estate News

Moscow's Chief Architect Envisions the City's Future

  • April 29, 2016
For many years, Triumfalnaya Ploshchad was a nondescript square across from Moscow's beating heart. It was an occasional meeting point for anti-regime protesters, a space to get across to reach somewhere else.

Displaced Tenants to Reassess Moscow Rental Market

  • February 18, 2016
As Muscovites were recovering from the shock of the sudden demolition of street retail properties, the retail property market attempted to assess damages.

Crimea Suffers 60% Decline in Housing Construction

  • February 02, 2016
Housing construction in Crimea shrank by more than 60 percent in 2015 Ч a year after Moscow annexed the peninsula from Ukraine Ч marking the greatest decline among all of Russia's regions, according to a state statistical service report released Monday.

Moscow's Apartment Market Down 30 Percent

  • January 19, 2016
The market for previously-occupied housing in Moscow has dropped by almost 30 percent over the past year, the Vedomosti newspaper reported Tuesday.

Apartment Prices in Moscow Down 15 Percent in 2015

  • December 23, 2015
Apartment prices in Moscow have dropped on average 10-15 percent this year as housing sales fall amid an economic recession, the Vedomosti newspaper reported Wednesday.

Sales of Elite Real Estate Boom in Moscow After Year of Stagnation

  • December 04, 2015
After a slow year on Russia's housing market caused by the country's economic crisis, Moscow is starting to see a growth in sales of elite property, the Kommersant newspaper reported Friday, citing a recent report.

New Russian Truck Tax Could Hike Price of Real Estate

  • November 26, 2015
New tariffs on Russian trucks could increase the cost of real estate by nearly 10 percent by making it more expensive to transport building materials, a construction industry body has warned.

99 Years of ZiL: From Car Plant To Potential New Heart of Moscow?

  • November 12, 2015
An ambitious project hoping to revive Moscow's largest abandoned industrial zone takes off.

Hilton to Open New Upscale Hotel in Moscow in 2018

  • October 27, 2015
The Hilton Worldwide hotel chain plans to expand on the Russian hotel market in 2018 with the opening of an upscale hotel on Moscow's central Tverskaya Ulitsa, according to a company statement released Monday.

Moscow Region Overtakes City as Leader in Value of Mortgages Issued

  • October 27, 2015
The Moscow region has overtaken Russia's capital in terms of the value of mortgages issued, the Kommersant newspaper reported Tuesday, citing a recent study.

Moscow Has More Empty Offices Than Ever Before

  • October 13, 2015
The number of empty offices in Moscow has risen to a record high as demand for commercial real estate wanes amid an economic slump, a study published Tuesday showed.

Finnish Construction Company Reports Russian Apartment Sales Drop

  • September 24, 2015
Finland's biggest construction company YIT said on Thursday it expected its apartment sales in Russia to be down about 36 percent in the third quarter from a year earlier.

Rent a Russian Historic Building for 1 Ruble Ц If You Repair It

  • September 21, 2015
The Russian government said it will rent out historic buildings that need repair work for 1 ruble (2 cents) per year on condition that the tenant covers restoration costs.

Russian Banker to Build Luxury Resort in Kamchatka Region

  • September 21, 2015
Oleg Tinkov, the owner of Russian bank Tinkoff Credit Systems, will invest more than 250 million rubles ($3.8 million) to build a luxury hotel in Russia's far eastern Kamchatka region.

Shipping Container Movie Theaters to Tackle Russian Cinema Shortage

  • September 21, 2015
Russia's Teterin Film company will launch a chain of budget movie theaters made out of cargo containers, its chief executive told The Moscow Times.

After the Boom: Moscow Malls Struggle With Fewer Customers

  • September 21, 2015
Twenty-eight percent fewer customers are walking through the doors of the average Moscow shopping center than two years ago, according to data from market researchers Watcom cited by the Kommersant newspaper.

Apartment Sales in Moscow Down 40 Percent as Demand Plummets

  • September 21, 2015
Russia's recession has collapsed the capital's housing market, with apartment sales in Moscow falling by 38 percent over June-August compared to the same period in 2014, a survey showed.

Sales of Warehouse Property in Russia Boom as Prices Drop

  • September 07, 2015
Sales of warehouse properties in Russia are flourishing due to falling prices and increasing demand from discount retailers actively developing their businesses during the crisis.

Russian Trade Ministry Seeks to Ban Dollar Leases

  • September 07, 2015
Russia's Trade and Industry Ministry has prepared legislation that would ban the use of foreign currencies in commercial lease deals, the Vedomosti business daily reported last week.

German Food Retailer Leases Giant Plot in Moscow Region

  • September 07, 2015
Major German retailer Globus Group, which owns the Globus hypermarket chain in Russia, has leased a 45,000-square-meter plot at an industrial park in the Moscow region.