Real Estate News

Apartment Rental Prices in Moscow Down 8 Percent in 2015

  • September 07, 2015
Rental rates for apartments in Moscow have dropped by 8 percent this year as demand plummets, the RBC news website reported last week, citing consulting company Miel-Arenda.

Economic Crisis Empties Moscow Central Streets

  • August 24, 2015
Even though Moscow retail property owners are increasingly willing to offer favorable lease terms to clients, Moscow's central streets continue to lose their tenants who are forced to close their outlets.

Mortgage Loans To Be More Than Halved in 2015 Ц Official

  • August 24, 2015
Only about 800 billion rubles ($11.4 billion) will be issued as mortgage loans in Russia in 2015, less than half the amount issued last year, deputy chairman of the Moscow region government, German Yelyanushkin, told Interfax on Monday.

Key Real Estate Firm Sells Its Stake in Moscow Luxury Developer

  • August 24, 2015
One of the key Russian real estate developers has sold its share in a company that constructs lavish luxury apartments in central Moscow, RBC news web site reported on Sunday.

Elite Real Estate Sales Growth in Moscow Region

  • August 24, 2015
Premium real estate sales in the Moscow Region grew 32 percent in the first six months of 2015, an improvement from the first half of 2014, Gazeta.ru reported earlier this month.<

Moscow Mansion Sets Rental Record With $29,000 Monthly Rate

  • August 24, 2015
The most expensive Moscow mansion currently on the rental market can be had for 2 million rubles ($29,000) per month, news website Gazeta.ru reported earlier this month.

$126 Million Stolen From Russian Vostochny Cosmodrome Project Ц Prosecutor General

  • July 27, 2015
Russia's Prosecutor General said Monday that 7.5 billion rubles ($126 million) had been stolen during construction of a new spaceport in RussiaТs Far East, news agency RIA Novosti reported.

State Support Rescues Russian Homebuilder PIK From Slump in Sales

  • July 20, 2015
Russian homebuilder PIK Group said on Monday its proportion of mortgage-backed sales had returned to the level of early 2014.

Rublyovka No Longer Moscow's Most Expensive District

  • July 06, 2015
The average price of real estate in Moscow's tony suburb of Rublyovka fell steeply in the first half of the year, knocking the exclusive district out of its place as the city's most expensive neighborhood, a recent report said.

Market for Used Moscow Apartments Falls 40%

  • July 06, 2015
Nearly 40 percent fewer second-hand apartments were sold on the Moscow market in April-June this year than in the same period last year as high mortgage rates and falling salaries eviscerated demand, newspaper Vedomosti reported.

Duma Approves Construction of $4 Billion Kerch Bridge to Crimea

  • July 06, 2015
The State Duma has approved plans to build a bridge from the Russian mainland to Crimea, paving the way for Kremlin ally and builder Arkady Rotenberg to begin construction on the $4 billion mega-project, newspaper Vedomosti reported Monday.

Russian Road Agency Investigated for Holding 'Suspicious' Tenders

  • July 06, 2015
The Federal Anti-Monopoly Service suspects road builder Avtodor of reaching "anti-competitive agreements" on the construction of the 530-kilometer Central Ring Road around Moscow.

Clothes and Shoe Stores Close Across Moscow as Crisis Strikes

  • June 29, 2015
About 7 percent of all clothes and shoe shops in Moscow have shut down this year as Russia's economic crisis decimates retail sales, a news report said.

Russian Senators Choose Parliament Building Resembling U.S. Capitol

  • June 29, 2015
Russia's upper house of parliament has voted in favor of constructing a new parliament center with a striking resemblance to the U.S. Capitol building, news agency Interfax reported.

Russian Housing Construction Rises 30%, But Drop Is Coming

  • June 15, 2015
Residential construction in Russia has yet to be visibly hit by the country's economic turmoil, with nearly 30 percent more housing delivered in the first four months of this year than in the same period in 2014, a news report said Monday.

Crimea to Create State Firm to End Building Materials Shortage

  • June 15, 2015
Officials in the annexed Crimea region plan on creating a state corporation that will organize large deliveries of building materials to the peninsula, a news report said, as the region battles a supply shortage caused by poor relations with Ukraine.

Russian Banks Ask State for More Mortgage Subsidies

  • June 15, 2015
Major Russian banks are asking the state to dole out more money in mortgage subsidies as a 20 billion ruble ($366 million) aid package runs dry, newspaper Vedomosti reported.

Demand for Luxury Apartments in Moscow Plummets

  • June 15, 2015
Rental demand for luxury apartments in Moscow fell steeply in May, a recent report said, as Russia's economic recession drove an exodus of the segment's main clientele: high-earning foreign professionals.

Have Moscow's Hostels Come of Age?

  • June 08, 2015
Moscow's hostel industry, long stagnant compared to the frenzied markets of cities like London or Berlin, could see major growth as a rise in domestic tourism and changing sentiments boost demand.

Russian Defense Ministry's 'Patriot Park' to Cost $363 Million

  • June 04, 2015
Russia's Defense Ministry has allocated more than 20 billion rubles ($363.5 million) for the construction of a military-themed activity park and exhibition center called Patriot Park, newspaper Kommersant reported Thursday, citing data from the state tender website.