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    Russia offers free land to Russians and foreigners

    By Marina Romanova In an attempt to boost the population and economy of the largely undeveloped regions,Vladimir Putin has ordered free land handouts in Russia’s Far East and Siberia. Last week he signed a law offering land plots to Russians and foreigners for free if they are willing move to the country’s remote Far Eastern[…..]

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    Details on Russia’s Real Estate Deals Soon Available Online

    Nov. 16 – The Federal Service for State Registration, Cadaster and Cartography, known as Rosregister, will launch a new online service providing information about each real estate deal that has been made in every Russian region. Information about all registered real estate deals since 1999 will also be published in the new portal. For example,[…..]

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    Belgium Rezidor to Open Hotel in Novosibirsk

    Apr. 25 – Belgium Rezidor Hotel Group, an international hotel operator, increased its presence in Russia by opening a premier business 150-room Park Inn in Novosibirsk. The operator also plans to open up 10 to 20 more hotels across the country, a company press release said. The first hotel in Siberian Novosibirsk will be developed[…..]

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    The Auction House of Russia to Start Operating in Siberia’s Novosibirsk

    Mar 28. – The Auction House of the Russian Federation will open a sub-office in the Siberian city of Novosibirsk on Wednesday. By the end of the year, the Auction House plans to sell properties worth about US$34.5 billion. The sub-office will put on the market assets of their clients from several regions of Siberia,[…..]

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    Moscow Remains Russia’s Most Attractive Destination for Investors

    Feb. 1 – Moscow remained in the focus of investors’ interest in 2010 with 94 percent of all investments into a commercial property during the last year come up to Moscow, Cushman & Wakefield have calculated. All other Russian regions have got only 6 percent of investments into commercial property. Year 2010 became a turning[…..]

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    New Decree Bans the Ownership of Land by Foreigners

    Jan. 19 – A new Kremlin decree issued by President Dmitry Medvedev last week bans foreigners from buying land near federal borders. The border zone was not clearly defined in legislation dating back to 2001. A ban on the ownership of real estate by foreigners has been in force in Russia’s border areas for some[…..]

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    Russia to Attract US$800 Million Investment from UAE

    Sept. 22 – Russian Technologies (Rostehnoliogii), a state-run industrial corporation, signed agreements on Friday with two companies from the United Arab Emirates – the ports and logistics unit of Crescent Group and real estate developer Damac. “The Russian market is attractive enough to the Arabian investors. In particular the Russian power industry contains a number[…..]

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    Russian Economy Shows Recovery Signs

    Jul. 20 – Russia reported good economic results during the first half of the year, although investment activity remained low. From January to July, Russia’s GDP grew by 4.2 percent compared to the same period last year, Elvira Nabiullina, Russia’s economic and trade minister said yesterday during the government session. “This is quite a good[…..]

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    Russian Government Wants to Simplify Construction Legislation

    May 21 – The Russian government wants to implement the same measures used for the construction of Olympic-related facilities in the city of Sochi, host of the XXII Winter Olympic Games in 2014, for the country’s entire building industry. According to Russian Vice Prime Minister Dmitry Kozak, a simplification of the construction legislation will attract[…..]

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    Russian Developers Given VAT Exemptions on Shared-Equity Construction

    May 19 – The Russian State Duma is exempting all developers operating under the law regulating shared-equity construction from value-added tax. All housing deals using private capital and creating property rights will now be made under shared equity law. Although deputies believe that the VAT exemption opportunity will motivate developers to operate under the law,[…..]

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