Turkey has liberalized its laws for international property investors. The law abolishing reciprocity in real estate transactions came into effect in August 2012. Nationals of Russia, China and India were among those who faced restrictions on buying in Turkey.
The Government of St. Petersburg has backed down on a threat to cancel an agreement under which one of Russia's largest construction companies, Glavstroy, will renovate the historic Apraksin Dvor marketplace.
Moscow City Hall appointed a new chief architect in August 2012. Passing the baton came at a propitious time, as Mayor Sergei Sobyanin was shifting the focus of the city's planners from one-off approval of construction on disparate sites to something resembling a general plan.
Take the world’s 16th biggest city by population, double its size and throw the urban design out to tender. The dramatic image on our cover this quarter is the vision of French architects Wilmotte & Associes and Antoine Grumbach & Associes who developed the winning design for Greater Moscow.