MOSCOW. (RIA Novosti economic commentator...
the indicator may be between $140 billion and $380 billion.Today, according to a report entitled "New Trends on the European Real Estate Market in 2007," drawn up jointly by PricewaterhouseCoopers and the Urban Land Institute, Paris, London and Stockholm remain the most attractive cities in Europe in terms of sound property investment. The economic situation in these cities is predictable and free of high risks. But in terms of development prospects, Moscow's property market shares first place with Istanbul. Continued high growth of office rents, limited availability, and increased demand for all types of property in Russia are attracting both Russian and foreign investors and developers.
The property market in Russia is at present one of the priorities for investors, said Richard Gregson, a partner at PricewaterhouseCoopers, which leads the pack in rendering services to the property sector in Russia. The high potential combined with the shortage of office,
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