Real Estate


Q4 2010

Editors' View

  • November 02, 2010

News in Brief

  • November 02, 2010

Picture Roundup

  • November 02, 2010

Building a Russian Mall

  • November 02, 2010
For shopping malls, the West still knows best, but developers are also making adaptations for the Russian market.

Online Shopping: Back to the Future for Russian Retailers

  • November 02, 2010
As retailers struggle to predict consumer behavior based on financial and occupational market indicators, they may be losing sight of a formidable challenge to traditional retailing that is exploding right under their very noses: online shopping.

The Perm Anomaly

  • November 02, 2010
The city of Perm in the Russian Urals has suddenly become the setting for an unusual experiment.

Corruption in Moscow Is Not Going Away Overnight

  • November 02, 2010
The new mayor of Moscow, Sergei Sobyanin, vowed to make the fight against corruption in the city one of his top priorities. Will he have a lot of luck? The REQ asked Yelena Panfilova, director of the Russian resource center for Transparency International, a worldwide anti-corruption watchdog organization.

Life after Luzhkov

  • November 02, 2010
Recently ousted Mayor Yury Luzhkov had ruled Moscow since before real estate became a business in this city. Even the longest-established developers and realtors appeared here at a time when the game was already being played by his rules. There was a lot of speculation for years about what those rules were, with accusations of corruption, bad taste, kickbacks, bribes and squeezing out some developers in favor of others. Meanwhile, Moscow has been growing very fast, and housing prices rose more than tenfold despite two major financial crises. What impact will the end of the Luzhkov era have on the real estate market in this city? REQ asked Georgy Dzagurov, general director of Penny Lane Realty. Penny Lane was founded in Moscow in 1993. At that time, Yury Luzhkov was already in office as the mayor of Moscow.

Foreign Labor Quota Impedes Moscow Construction Business

  • November 02, 2010
With the departure of Mayor Yury Luzhkov, Moscow developers are wondering what kind of atmosphere the administration of Mayor Sergei Sobyanin will create for construction in the city. A particularly burning question concerns migrant workers, who by all accounts still provide the majority of labor on Moscow construction sites.

Branding and Building in the Regions

  • November 02, 2010
There is a shortage of more than 40,000 hotel rooms in Moscow, experts say. For the few Western-brand hotels that there are, the nonexistent competition and abnormally high demand drives prices upward with virtually no limit Ч hotels that would be economy class elsewhere often charge $200 to $500 a night. This sounds like a Mecca for hotel operators, but many arenТt so quick to jump in, despite relatively low operational costs made possible by cheaper labor and utilities. Hilton Hotels, for one, has been a late entrant into the Russian market. It operates one high-end hotel in the capital and has recently opened two more hotels elsewhere in Russia under its business-class and economy brands. Compared with at least 11 hotels for Marriott and its range of brands, and dozens for the Western pioneer of the Russian hotel market, Carlson Hotels Ч the owner, among others, of the Radisson brand Ч that does not sound like much. Olga Childs asked Mike Collini, vice president of development for Northern Europe and the former CIS of the Hilton World-wide corporation, why.

The New Hotel Classification System

  • November 02, 2010
The new system of hotel and accommodation ratings is now mandatory in Sochi and the surrounding areas.

News in Brief

  • November 02, 2010

Appointments

  • November 02, 2010
Q4 2010
Q4 2010
A perfect mall for Russia: Developers search for a formula
The cultural revolution in the Urals
Is there life after Luzhkov?