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Property soars in Moscow & St. Pete
Published: 22 April, 2008, 11:06
Moscow and St. Petersburg are among five of the fastest growing property markets in the world, according to consultants Knight Frank.
The average prime residential prices have risen by 35% in Moscow, totalling around $US 2000 per square foot.
In St. Petersburg, Russia’s second largest city, prices have increased by 38%.
The world's most expensive place to buy a home is London, with the average price for top city centre locations at around $US 6000 per square foot.
London is followed by Monaco and the south of France – both locations which are attractive as a place for second homes on the Mediterranean.
22.04.2008, 08:29
Investors mindful of Russian inflationHigh inflation and the so-called “Gazprom clause” have come under the spotlight at the Russia Investment Roadshow in London. |
22.04.2008, 23:40
CIS listings in London reach 100Supermarket chain Magnit has become the 100th CIS company to list on the London Stock Exchange. Despite the worst trading environment in 20 years, the chairman of the LSE claims share placements will pick up by the summer. |
