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INTEGRATED BODY FOR URBAN DESIGN POLICY
AND DEVELOPMENT OF MOSCOW
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 Kommersant
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 Moscow Real Estate Prices Still FallingReal estate prices continued to fall in Moscow November 10-17. According to the Real Estate Market Indicators agency, the average cost of a square meter of housing in the Russian capital is $5927. |
| Housing Construction Stagnating The amount of new housing created in Russia in the first nine months of this year was 35.19 million cu. m., according to Rosstat data. That represents 3.9-percent growth over the same period last year, when the growth rate was 31.3 percent. |
 Moscow Real Estate OvervaluedMany expect the Moscow real estate market to shift in favor of the buyer, and prices on apartments to fall, due to the financial crisis. A number of real estate agencies report rising supply on the market since the beginning of the month. Experts say that is the result of a selloff of investment properties. |
 Moscow to Pay $12 Bill. for New RoadsMoscow Mayor Yury Luzhkov has approved a road building investment program for 2009-2011. |
 One Meter Per CapitaMoscow’s downtown has more shopping areas than European and American large cities. According to NAI Global’s data, there are 1,100 square meters of shopping areas per 1,000 people living in Moscow’s central district. To compare, it is 1,050 square meters per 1,000 people in London. However, the position in the downtown no longer guarantees the success to a shopping mall. Thus, the outskirts attract investors’ attention, experts say. |
 Israeli IBC to Settle in St. PetersburgIsraeli Industrial Building Corporation (IBC) submitted to St. Petersburg Governor Valentina Matvienko yesterday the project to construct multifunctional premises with the floor area of 1 million sq meters, which is the record for the city’s market of real estate. But this market of St. Petersburg, the analysts speculate, lacks stability and developing long-term projects of such extent is very risky there. |
 Hypo Real Estate Invests Money in WarehousesGerman Hypo Real Estate International has granted the $300-million loan facility to International Logistic Partnership (MLP) to implement two warehouse projects. It is the biggest loan that a western bank has ever provided to construct commercial real estate in Russia. |
 Investing Under GuaranteeNew energy facilities of 5,000 MW valued at 60 billion rubles overall will be constructed in the following five years by applying the guaranteed investment procedures, vowed spokesmen of RAO UES of Russia and Energy and Industry Ministry. The market analysts say it is the sole method to lure investors into the energy industry of Russia and are surprised that RAO UES has referred to it small-scale. |
 Alexander Kuzmin: - I am okay with stars, but they are not into construction!"... So I say once again - I am not against stars, I am okay with them. The thing is that they do not perform the construction. We invite numerous western architects; look at the City, for example. There are the Scotch as well, they are involved in excavation. Americans work for Erick. The Turks design the project..." |
 Downtown Moscow Stages All-Around DefenseOwners of flats in the downtown Moscow that have been picked out for housebreaking will set up a public organization to stand for their property, including staging protest rallies against Moscow bureaucrats. |
 Housing, Communal Services to Become FlexibleThe government’s commission on improving interaction of federal and regional authorities decided Monday to change regulation procedures for tariff rates for housing and communal services. As too close attention of federal bodies apparently adversely affects investments and the Moderate-Price Hosing Program faces frustration, the control could be transferred from the federal level (where it is from January 2006) to the regions. |
 The Rent MiscalculationFlats’ privatization, i.e. the giveaway of state premises to residents that is so common in former communist states, drags the progress in the market reforms, the World Bank experts concluded in the recent report dedicated to the rent choice and housing policy reforms. |
 Minister Fails to Provide Documents for HousesState Duma deputies lashed out at Regional Development Minister Vladimir Yakovlev Tuesday, blaming on him the actual failure of Moderate Priced and Comfortable Houses program. |
 Minsk to Construct 425m TV TowerMinsk intends to build the 425m TV tower, Architecture and Construction Minister of Belarus Gennady Kurochkin told reporters Thursday. |
 Moving Free Roads to Toll CategoryRussia’s Transport Minister Igor Levitin held a meeting of subordinates yesterday, December 20, 2005, to give the general go-ahead to the draft concept on road management reform. The concept that was presented by Federal Road Agency provides for adding some roads to the toll category and transferring them to private investors on promised construction of new roads. |
 Moscow Behind Construction LayoutMoscow is dragging behind the target concerning construction of schools, kindergartens, metro stations. The traffic capacity of 60 percent of the city’s roads has expired, Moscow Chief Architect Alexander Kuzmin told Moscow government Tuesday. The situation is quite the opposite on construction sites, which are lucrative for investors – the space floor of new stores is 1.5 fold above the target. Moscow Mayor Yury Luzhkov lashed out at subordinates, saying the general program “should strictly correspond to requirements of Muscovites.” |
 Nokian Equals Russian Tires to FinnishNokian Tyres officially opened its first Russian plant in Vsevolozhsk (Leningrad Region) yesterday. The company is to sell the tires produced there at the same price as imported ones. Russian dealers are sure, though, that Nokian will have to cut the prices since buyers have a low confidence in Russia-made products of foreign companies. |
 French Auchan Reaches Out to SiberiaDetermined to root in Russia’s Tyumen Region, French retailer Auchan intends to set up an alliance with local developer Sibintel, despite its partnership relations with Perekrestok, retail rival of Auchan. |
 Russia Today Built on Kremlin TiesNew English-language TV channel – Russia Today – launched closed broadcasting yesterday, September 15, 2005. |
 Eurogate to Withdraw from Ust-LugaGerman Eurogate GmbH has withdrawn from the project for construction of Ust-Luga terminal, the Leningrad Region, with the annual capacity of 3 million containers. Due to the lack of alacrity in the auctions of authorities, Eurogate preferred to turn off the option for a 26 percent in Baltic Container Terminal set up by the National Container Co. (74 percent) and Ust-Luga Co. (26 percent) for the purposes of the project. |
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