Real Estate News

North Korea Seeks to Rent Russian Farmland

  • November 17, 2014
North Korea wants to rent and farm 10,000 hectares of agricultural land in Russia's far-eastern Khabarovsk region, news agency RIA Novosti quoted a North Korean agricultural official as saying.

Property Tax Hike to Take Hard-Up Russians Unawares

  • November 17, 2014
Over 40 percent of Russians know nothing about upcoming property tax changes that will see many homeowners' tax bills rise sharply, and most of those aware say the new rules will strain their family budgets, a survey published on Monday found.

Q&A: Why Russians Haven't Bought Paris, and Other Real Estate Insights

  • November 10, 2014
Over recent decades, the transforming face of Moscow has become a vivid symbol of Russia's topsy-turvy economic growth. Booming and at times unruly, the Moscow real estate market was once opaque and insular, but has increasingly opened up to investors from all over the world.

Real Estate Sellers Face Tougher Tax Rules on Capital Gains

  • November 10, 2014
Russian homeowners may soon be required to own their properties for at least seven years to sell them off tax-free, in a move that could potentially smother private investment in residential real estate, business daily Vedomosti reported.

Ukraine Housing Market Hits Record Low

  • November 10, 2014
Housing sales in Ukraine have fallen to their lowest levels in five years due to currency devaluation and the difficulty of acquiring loans, news web site Gazeta.ru reported Monday.

Transneft to Buy Moscow-City Building

  • November 10, 2014
Russian oil giant Transneft plans to buy the unfinished Evolution Tower in the Moscow-City business district for between $900 million and $1 billion, business daily Vedomosti reported, citing two unnamed sources close to the deal.

Russian Central Bank Forecasts Winter of High Inflation

  • November 10, 2014
Russia's surging inflation rate will remain high through spring of next year, propelled by the devaluation of the ruble currency and the steep cost of Moscow's bans on food imports from Western countries that sanctioned it over Ukraine, the Central Bank said in a report published Monday.

China Set to Pump Billions Into Russian Real Estate Construction

  • November 10, 2014
Russia's Vnesheconombank (VEB) is poised to get billions of dollars from China Development Bank for investment in Russian real estate, news agency RIA Novosti quoted VEB head Vladimir Dmitriyev as saying Monday.

Ukrainians Boost Demand for Elite Apartments in Moscow

  • October 27, 2014
The physical and ideological conflict unfolding in eastern Ukraine has proven an unexpected boon to some Moscow landlords, with the arrival of Ukrainian businessmen upping demand for high-end apartments by 10 to 15 percent, a study published Monday found.

Moscow's Legendary Hotel Moskva to Reopen

  • October 27, 2014
Hotel Moskva, finished at the height of Stalin's power and demolished a decade ago under Moscow's construction-happy former Mayor Yury Luzhkov, will open its doors again Thursday as the Four Seasons Hotel Moscow, an exact replica of its iconic predecessor.

Russia's Economic Slump Forces Logistics Firms Into the Regions

  • October 27, 2014
As demand for new warehouse space collapses in Moscow amid Russia's close-to-zero economic growth, logistic firms are flocking to the regions in a bid to keep up profits.

ZiL, Dozhd, Crimea: Real Estate in Brief

  • October 20, 2014
Development Plans for ZiL Announced; Dozhd Ordered to Vacate Studio; Crimea May Confiscate Land from Idle Investors.

As Sanctions War Rages On, France Seeks Closer Business Ties With Russia

  • October 20, 2014
Despite political tension over Ukraine, French business remains committed to exploring the Russian market, with the French-Russian Chamber of Commerce and Industry recently announcing a new project to help French companies start up business in Russia.

Demand for Warehouse Space in Moscow Nosedives

  • October 20, 2014
Demand for warehouse space is plummeting in Moscow amid widespread economic uncertainty, threatening the next few years of development in a traditionally stable sector.

Sanctions Haven't Killed Russians' Love for London

  • October 20, 2014
Britain has been one of the most aggressive lobbyists for sanctions against Moscow over its actions in Ukraine. But as that crisis has unwound into tit-for-tat trade barriers between Russia and the West, what has happened to London's position as the capital of Russian money abroad?

Moscow to Get Exact Replica of Crimean Cathedral

  • October 13, 2014
If imitation is the highest form of flattery, then Moscow certainly seems keen to boost the spirits of recently annexed and internationally spurned Crimea.

Empty Stores in Moscow as Falling Ruble, Inflation Take Toll

  • October 13, 2014
The vacancy rate in Moscow shopping centers nearly doubled in the third quarter of this year and will continue to rise as consumption slumps and retailers pare back their plans for Russia, a report released Monday said.

Benetton Defies Sanctions and Economic Woes With Big Russia Expansion

  • October 13, 2014
Italian clothing retailer United Colors of Benetton defied a falling ruble, slowing growth and the specter of sanctions as it formally re-opened its flagship Moscow store and pledged to roll out about 40 new stores across Russia over the next three years.

McDonald's Partner to Quadruple Investment in Russian Economic Zone

  • October 13, 2014
East Balt Bakery, the U.S. maker of McDonald's hamburger buns, is planning to quadruple investment in its factory in Russia's Alabuga special economic zone to 752 million rubles ($18.6 million), despite Russia's recent crackdown on the U.S. fast-food chain, Kommersant reported.

Putin Signs Law Switching Property Taxes to Cadastral Values

  • October 06, 2014
President Vladimir Putin on Monday signed a law switching the base used to calculate property tax rates from inventory values to cadastral values, heralding significant tax rises for many Russian homeowners.