Square anomaly

We had barely managed to conduct a survey among builders and realtors, to gather and summarize their predictions when two weeks later, market participants have sheepishly begun to adjust their recent predictions, which were pleasant and moderate. Unfortunately, the two predictions are a lot more unsettling
Pulse, March 2008
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St. Petersburg’s golden greats

All analysts agree that, first and foremost, location is what makes property "elite". This time, we will tell you about St. Petersburg's top 12 most prestigious neighborhoods of today.
Pulse, March 2008
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Moscow to Over pace London in Home Prices

London’s residential property is the most expensive across the globe, concluded the report of Knight Frank & Citi Private Bank that covered 70 cities. Moscow and St. Petersburg were scored the 11th and the 13th respectively and the analysts expect Moscow to dislodge London in ten years.
Commersant, May 10, 2007
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ELITE REAL ESTATE IN ST. PETERSBURG

We have observed a change in attitude among our customers with regard to elite real estate. It’s no longer just the preserve of a pre-Revolutionary building in the historic center, even if there has been a major renovation. Prosperous clients are looking for elite housing in the Muscovite sense of those words, which is to say in a reconstructed or entirely new building. Naturally, people want to invest and live in the very best. The terms “elite real estate” and “deluxe real estate” exist on the real estate market. What are the criteria for such categories? What are Petersburg developers and real estate agents offering in these classes?
SPb Times, November 2006
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Any foreigners that have worked in Russia

will tell you that there is, to put it very mildly, an element of confusion surrounding the business of getting your visa registered. In what appears to be an ever-changing, unruly bureaucratic environment, what-s the current state of play?
SPb Times, 28 March 2006
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Elite Housing Profits Win Back Investors

By Yekaterina Dranitsyna
Staff Writer Over the last three years, St. Petersburg constructors and developers have turned to work largely on the commercial real estate market, spurning residential projects as low-profit. Realtors, however, say it-s too early to write off the residential market as dead: Elite housing is starting to bring the constructors back to apartments.
SPb Times, 27 September 2005
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Investing in Residential Real Estate: Tendencies and Prospects

Investment in real estate is attractive because it gives a combination of the most profitable and solid assets in the investment market. However, construction in Russia still poses risks for investors: increasing instability of the property market, unreliable construction firms, imperfect legislation, political and bureaucratic obstacles - particularly in obtaining land for construction, which has resulted in a current deficit.
Inyourpocket magazin, September 2005
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Rest & Relaxation

Development in the city may have slowed, but out in the rural areas surrounding the Northern Capital it-s continuing apace, with hundreds of millions of dollars being invested in providing some quality r-n-r for the locals and visitors to the city...
Pulse, September 2005
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SAINT-PETERSBURG COMMERCIAL REAL ESTATE MARKET REVIEW FOR 2004

In 2004 the Petersburg market of commercial real estate kept the position of the most economically attractive and fast growing part of commercial real estate. Banks, bank associations, international outlet chains, foreign and domestic investment funds act now as new investors in the market of commercial real estate
Pulse, September 2005
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LAWMAKERS DEFEND CO-INVESTOR RIGHTS

Although co-investment (dolevoye uchastie) construction has been around for more than a decade, this part of the market has not been sufficiently regulated. Individuals could gradually invest their money in high-rise apartment buildings and other large structures under construction, in the end receiving title to an apartment or other property. But in doing so they faced certain risks. Attempts at regulating the market through the passage of local laws failed to make it more transparent or defend the rights of co-investors.
The SPb Times Real estate catalogue, September, 2005
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REAL ESTATE INVESTMENT TRUSTS IN RUSSIA

In Central Europe similar investment funds own nearly 90% of business centers. REITS stocks enable investmentin major projects and, therefore, gain revenues on both property cost increase and income-producing professional management of the properties.
The Russian market of shared investments in real estate is just now beginning to develop. The first legislative acts to regulate the procedures of establishing and operating real estate investment trusts were approved in our country only in 2001, Nowadays, about 40 similar funds are working in Russia (compared with 600 in Great Britain) and their number is constantly growing.
The SPb Times Real estate catalogue, April, 2005
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New Law Sets to Protect Residential Housing Investors

By Nikolai Devyatkin SPECIAL TO THE ST. PETERSBUG TIMES
The government has passed a new law to protect the interests of people who invest in ongoing residential construction. To satisfy the multiple claims of investors against what they see as the unrestricted behaviour of construction companies, the State Duma ratified the law "On interest-holder rights in residential construction," to come into force on April 1.
The SPb Times, #17 (1050) March 9, 2005
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Second-Hand Elite

Your chances of picking up a luxury apartment in the historic center of the city may be influenced by recent changes in the legislation on privatizing state housing.
Pulse, March 2005
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Skyscraper Projects Given the Green Light by City

By Paul Abelsky SPECIAL TO THE ST. PETERSBURG TIMES
In a city built on low-lying marshes, skyscrapers would resemble castles in the sky. Yet now that St Petersburg's architects, engineers, and administrators are moving forward with specific proposals for high-rise construction within city limits, the technical challenges present only part of the dilemma. The larger question is whether or not the planned high-rises irrevocably change the city's famed skyline and compromise the delicate urban and natural environment. Just last week the city's legislative council voted in favor of a regulation that raises the maximal height of buildings on the Krestovsky and Kamenny islands from 12 meters to 28 meters.
The SPb Times, #17 (1050) March 9, 2005
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