Real Estate News

Sales of Moscow Elite Homes Rebound on Stronger Ruble

  • April 13, 2015
Sales of suburban mega-homes in Moscow rose sharply in the first three months of this year as developers slashed prices and the ruble recovered some of its value against the U.S. dollar, a recent report said.

Moscow to Auction Off Famed Yeliseyevsky Grocery Store

  • April 13, 2015
Moscow's city property management has said it will auction off the property housing Yeliseyevsky Gastronom, a turn-of-the-century gourmet grocery store that has long been a city landmark.

Moscow Warehouse Rental Rates Fall to 5-Year Low

  • April 06, 2015
As Russia veers toward a recession, rental rates at warehouses in the Moscow region dropped to a five-year low in the first quarter of this year, real estate consultancy CBRE said in a report late last week.

Moscow's Most Expensive Apartment Sells for $30 Million

  • April 06, 2015
The most expensive apartment in Moscow cost $30 million as of March this year, newspaper Vedomosti reported Monday, citing research by real estate firm IntermarkSavills.

Moscow Inundated With New Shopping Malls

  • April 06, 2015
Moscow is seeing a boom in new mall openings in what looks to be a last hurrah before the stifling effects of Russia's economic crisis freeze out new development.

Elite Moscow Hotels Profit on Ruble's Tumble

  • March 30, 2015
Moscow's luxury hotels are profiting at midrange brands' expense as foreign businessmen and tourists trade up following the Russian ruble's fall, according to a recent report by real estate consultancy Jones Lang LaSalle (JLL).

Russia's State Defense Firm Rostec to Sell Off Central Moscow Buildings

  • March 23, 2015
State defense and technology conglomerate Rostec will auction off 47,000 square meters of real estate in central Moscow for an estimated price of more than 3.5 billion rubles ($59 million), news agency Interfax reported last week.

Moscow Commercial Real Estate Construction May Fall Threefold

  • March 23, 2015
Russia's economic slump will see the supply of new Moscow retail and office space drop significantly from 2016, commercial real estate firm CBRE said in a report.

Son of Russian Minister Sacked in Land Sale Scandal Owns Privatized Land – Report

  • March 23, 2015
The son of a former Russian defense minister who was ousted in a corruption scandal over sales of ministerial property appears to himself own land bought from the Defense Ministry, anti-corruption activist Alexei Navalny has said.

How Christie's Real Estate Helps Superrich Russian Teenagers Buy London Homes

  • March 23, 2015
Christie's International Real Estate helps the superrich buy superhomes. If you don't have the £40 million ($60 million) in liquid assets you need to qualify as a "high net worth," the London-based consultants will be loath to spend time on you.

Construction of Swanky Moscow Business District Plagued by Safety Violations

  • March 16, 2015
State inspectors have reported more than 100 safety violations at the building site of Moscow's shiny new business district Moscow-City, home to the tallest skyscraper in Europe.

Deal May See Russian Parliament Turned Into Hotel, Elite Apartments

  • March 16, 2015
The buildings of Russia's upper and lower houses of parliament could soon be transformed into posh private residences and a hotel, respectively, in a deal that will see the top-flight Moscow properties pass into the hands of billionaire Mikhail Gutseriyev.

Locals Fight to Save Wooden Airport Terminal in Russia's Magadan

  • March 02, 2015
Authorities in northeastern Russia are under pressure to save a wooden airport terminal dating from World War II that could be razed in a government program to modernize aviation infrastructure in Russia's remote territories.

French DIY Retailer Leroy Merlin Plans Distribution Center Outside Moscow

  • March 02, 2015
French DIY and gardening retailer Leroy Merlin will build a 100,000 square meter distribution center in an industrial park near Moscow's Domodedovo Airport run by Russian warehouse supplier Radius Group, the two companies said in a press release.

Turkey's Enka to Replace Small Mall With Giant Mall in North Moscow

  • March 02, 2015
Moscow's Urban Development and Land Commission has approved plans to construct a giant mall and apartment complex on Sheremetyevskaya Ulitsa in north-central Moscow, according to information on the website of Moskomstroiinvest, a department of City Hall that oversees construction in the capital.

Russia to Make Disabled Access Mandatory for New Construction From July 1

  • March 02, 2015
All new Russian real estate developments will be required to provide disabled access from July 1 this year, the Housing Ministry said.

25-Meter Statue of Orthodox Saint to Protect Moscow

  • March 02, 2015
Moscow will erect a 25-meter statue of Vladimir the Great, the ruler of Kievan Rus who converted his nation to Christianity, as Russia and Ukraine vie to claim the Orthodox saint on the 1000th anniversary of his death.

Moscow's Plans for New Mega-Malls Threatened by Crisis

  • February 23, 2015
Plans to build a staggering 900,000 square meters of new mall space in Moscow this year are rapidly fizzling out as Russia's growing economic crisis tightens access to financing and slashes consumer spending.

Russian Residential Construction to Drop Up to 15%

  • February 23, 2015
Russian residential real estate construction is set to fall 10-15 percent this year and mortgage lending by half, an official for the Construction, Housing and Utilities Ministry told news agency Interfax late last week.

'Moskva-City' Skyscrapers Set to Be Emptier Than Ever

  • February 16, 2015
"Moskva-City," a financial district of skyscrapers meant to be Russia's answer to New York's Wall Street, will be nearly half vacant this year, according to  Moscow-based real estate consulting company Blackwood.