Real Estate News

Chechen Leader Says Dubai Developers to Build University in Grozny

  • June 01, 2015
Chechen leader Ramzan Kadyrov has announced that a prominent Dubai-based development company has been enlisted to build a university in the Chechen capital of Grozny.

Russia to Give Crimea $37 Million to Restore Palaces

  • June 01, 2015
The annexed Crimea region will get 2 billion rubles ($37 million) in federal funding to restore the peninsula's many historic mansions, estates and religious sites, news agency TASS reported last week, citing a local official.

New Airstrip at Moscow's Sheremetyevo Airport Mired in Payment Dispute

  • June 01, 2015
Construction of a third landing strip at Moscow's Sheremetyevo Airport has become mired in a rancorous payment dispute, with a state company threatening to tear up its contract even as the project's contractor says the state has stopped paying for its work, newspaper Vedomosti reported.

IKEA Plans Major Expansion of Two Moscow Malls

  • June 01, 2015
Swedish furniture giant IKEA plans to expand the area of two shopping centers it operates in the Moscow region nearly 30 percent by 2018 thanks to high tenant demand, newspaper Kommersant reported Friday, citing an IKEA executive.

Japanese Firm Ready to Build Resort on Island in Russia's Far East

  • June 01, 2015
One of Japan's largest residential development companies is prepared to build a large resort complex on an island in Russia's Far East, newspaper Kommersant reported, as neighboring Asian countries increasingly move to invest in the underdeveloped region.

Putin-Backed Biker Group Night Wolves Will Get a New Residence

  • May 25, 2015
The motorcycle group Night Wolves will be provided with state land and funds for building a new clubhouse in return for allowing their current base to be removed as part of construction of Russia's new parliament building, the RBC newspaper reported last week, citing Duma Deputy Vladimir Resin.

Demand for Real Estate in Annexed Crimea Plummets

  • May 25, 2015
Russians, the last hope of the Crimean real estate market, appear to have lost interest in buying properties in the contested region.

Moscow's Newest Shopping Centers Hit Hardest by Russia's Economic Crisis

  • May 25, 2015
Moscow shopping centers opened in the last two years have been hit significantly harder than older properties by Russia's economic downturn, real estate consultancy Jones Lang LaSalle (JLL) said in a report.

Muscovites Barricade Their Courtyards Against Drivers Fleeing Paid Parking

  • May 18, 2015
The market for parking barriers is booming in Moscow as locals move to protect their yards against drivers forced out of the ever-expanding creep of the city's paid street parking.

Russia Recruits 1,000 Student Laborers to Finish Corruption-Ridden Cosmodrome Project

  • May 18, 2015
A group of Russian students on Monday began an unconventional summer vacation laboring to help finish a much-delayed and corruption-riddled cosmodrome construction project in Russia's Far East.

Luxury Apartment Sales in Moscow Surge to Record High

  • May 18, 2015
Luxury apartment sales in Moscow surged to a record high in April as buyers rushed to turn their dollar and euro savings into property ahead of the ruble's strengthening, luxury real estate consultancy Knight Frank said in a report.

Q&A: Staying Positive in Construction Market Meltdown

  • May 04, 2015
French building materials company Saint-Gobain is braced for a tough two years, but still sees Russia as a rapidly developing market.

Russian Mortgage Lending Surged By Over 30 Percent in 2014 Despite Economic Slowdown

  • May 04, 2015
The number of mortgages issued in Russia surged to more than 1 million last year, even as an economic slowdown began to strike borrowers, the Vedomosti newspaper reported, citing data from the Central Bank.

Crimean Prosecutors Seize 10 Million Square Meters of Land

  • May 04, 2015
Crimean prosecutors have seized nearly 10 million square meters of land that they claim was illegally privatized before Russia annexed the territory from Ukraine last year.

Goodbye Soviet 'Moskva' Department Store, Hello Mall

  • April 27, 2015
Construction company Praktika Development plans to demolish one of the Soviet Union's first department stores, "Moskva," to build a shopping center, news agency RBC reported.

Expat Exodus Empties Out Elite Moscow Districts

  • April 27, 2015
Apartments in Moscow's tony Arbat and Tverskoy districts are emptying out as Russia's economic downturn pushes expats out of the country, real estate agency Knight Frank reported late last week.

Russian Mortgage Lending Swells on State Subsidies

  • April 20, 2015
Russian mortgage lending surged in March thanks to government subsidies that have lowered prohibitive interest rates to pre-crisis levels, reversing a steep drop in lending.

Residential Construction in Moscow Rises in Q1 Despite Slump Warnings

  • April 13, 2015
New residential construction in Moscow rose slightly in the first quarter, defying expectations of a slump in building activity as Russia's economy heads for a contraction of up to 5 percent this year.

New Moscow Sees 25% Rise in Residential Construction

  • April 13, 2015
Residential construction in the New Moscow region will rise by 25 percent in the first half of the year, the city's department for developing new territories said Monday.

World Cup 2018 Stadiums Will Have Been Made in Russia

  • April 13, 2015
Prime Minister Dmitry Medvedev on Monday ordered that five stadiums being built for the 2018 World Cup utilize only Russian materials where possible.