Expert opinion

In megacities, large cities of the world, occupation of rental dwellings is the most prevalent type of tenure. In Berlin rental dwellings represent 80 percent of the total housing, whereas in Moscow privately-owned properties make up 85 of the total housing. Obviously, these trends are diametrically opposed to each other. And, therefore, the earlier we start to change the aforesaid proportion the sooner we will be able to resolve the problem. In 2016 the IUE made an attempt to reconcile the conceptual developments, we created, with [their} practical implementation. In this regard, [I would...

The year 2016 was by no means an easy one for development of real estate market, housing market and housing construction industry. Yet despite poor macroeconomic conditions the housing sector showed its best sustainability capacities.

Mikhail Men, the head of the Ministry of Construction and HUS of the RF, when reporting at the session of the Public Council (under the aforesaid Ministry) said that about 80 million square meters of floor space were built in 2016. The reduction against the year 2015 was due to lesser contribution of the newly-built individual construction projects...

Dozens of industrial areas lie idle in Moscow as redevelopment has been hindered by fragmented ownership structures. However, through a new law enabling local authorities to expropriate these areas, regeneration is expected to pick up and drive a rebound in the local real estate market, as Jacopo Dettoni reports.  

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Job distribution 

The regeneration of the industrial zones has emerged as a key part of the city government’s vision to redistribute jobs and residential space more evenly across Moscow's urban area and fix the city’s...

— Alexander Sergeyevich, do social inequalities really pose much of a problem in the districts of the capital?

— If compared with such megacities as New York or London, the problem of social stratification across Moscow’s districts appears to be much less of a problem. Development of market economy, understandably, would only add to the problem.

— It happens, however, that residents of a certain downtown district hesitate to demonstrate their hospitality to visitors from certain urban fringes.

— In the light of the events that took...

Despite the tightening of mortgage lending terms and a 35% drop in the volume of mortgage loans issued in 2015 down from the values reached in 2014, the national average values of HAI improved in Russia. In 2014, 29.6% of households had access to mortgage loans, while in 2015 the value reached 30.8% of households. If assessed in terms of house price to household income ratio the affordability of housing has also slightly improved. As of 2014, it took 3.8 years a household of 3 persons to accumulate all their incomes for a purchase of a standard dwelling, while in 2015 it took a household 3...