Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Moscow Property Profit

MOSCOW () -- Moscow will earn more than 10 trillion rubles from real estate transactions this year, a city official told a press conference at Interfax on Wednesday.

The city budget is netting 2 trillion rubles a year from competitive real estate sales and another 2.3 trillion rubles from rents, First Deputy Mayor Oleg Tolkachev told a news conference.