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. Last Updated: 07/27/2016

Real Estate in Brief

Poll Tests Mortgage Savvy

A poll last week by the National Agency of Financial Research showed that a majority of Russians do not have a clear understanding of what a mortgage is, RIA-Novosti reported.

The 2008 figures were almost identical to results from previous years, the news agency reported, with the number of those who knew absolutely nothing about mortgages dropping to 15 percent, from 18 percent in 2007.

Those aged 25 to 44 were best informed about mortgages, while elderly respondents were the most likely to say that they had never heard of mortgages, the study found. (MT)

New Green Line Metro Stop

The Moscow metro is planning a new station north of Rechnoi Vokzal on the Green Line, to be built in the Khovrino region after 2010, the Northern Administrative District's press service said Monday, RIA-Novosti reported.

The new station will be called Ulitsa Dybenko, the news service said, and be at the intersection of Zelenogradskaya Ulitsa and Ulitsa Dybenko. (MT)

Pinchuk's London Property

Ukrainian billionaire Victor Pinchuk and his wife, Elena Franchuk, bought a "prominent" property in London, their EastOne holding company said Monday.

EastOne "has been involved in a recently signed transaction to acquire a prominent real estate property in London," the company said.

The London-based Evening Standard newspaper said Friday that Franchuk agreed to pay a record ?80 million ($159 million) for a five-story townhouse in the Kensington district. (Bloomberg)