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#1
03-24-2007, 12:02 PM
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Moscow real estate boom - global property guide update
This should be of interest to those who were thinking of investing property in Moscow:
"The average price of an apartment rose to US$16,363 per sq. m. in prime Moscow districts in Q3 2006, according to Knight Frank, Moscow. Re-sale apartment prices rose 62.8% in the three quarters to Q3 2006. Newly built apartment prices rose by 79% in the three quarters to Q3 2006. A small three-room apartment (60 sq. m.) in central Moscow is now worth US$1 million. First-class apartments can command twice that or more – US$30,000 per sq. m. and up is not unknown." Property is not all that’s booming. The Russian economy grew by 6.5% per annum in 2006, though that is down on previous years. Shopfront after shopfront in Moscow glitters with Western brand names. Huge limousines ferry wives and mistresses to their destinations. All this wealth is being fuelled by the oil and gas boom. Russia now pumps more oil than the Saudis. Never in its history has Russia been so rich as it is today... 
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#2
03-25-2007, 03:51 AM
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Holy-moly! I don't know the facts, but having Russian roots myself I can hardly believe the last sentense.... no one should compare Moscow with the rest of Russia. Moscow is one of the wealthiests cities in the world, but it is not the same as the rest of the country. I would actually say, economically it is far away from the rest of the country. Moscow is kinda Russian Hollywood - just bigger, wealthier with their dirty polititians and mafia... Moscow is all about social status... the worst and richest all want to hang out together...
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IBS Team Editor "The thinking that got us into this mess will be insufficient to get us out of it." Albert Einstein
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#3
03-25-2007, 01:04 PM
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Russia
It is amazing what just a little freedom will do for the economy!
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Wayne Long Find a home in the Columbus GA MLS as displayed through our powerful IDX system. All the homes listed in the Columbus GA Real Estate market or check our Phenix City Real Estate and Fort Benning Homes
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#4
11-04-2007, 08:24 AM
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Hi Jans21,
How can I get my website listed in your Cyprus realtor's section on your globalpropertyguide site. I would love to be able to get into the Moscow market, there is alot of russian investers here, I just havent figured out how to reach them other than PPC.
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