Property for sale in Moscow

 Moscow is traditionally not only the administrative, but also the financial capital of the Russian Federation. For decades it has been attracting people throughout the country, and in recent years - from all the world. With most of the income from energy market ending up in the city and the steady flow of migrants, it is not surprising, that the property prices go up as well. Get more information on property for sale in Russia.

Views on the Moscow real estate :

The things in real estate have been going on so well, actually, that recently property for sale speculation has become one of the most attractive ways to make money in Moscow. This and some other factors pushed Moscow to the top of the list of most expensive cities in the world.Prices in Moscow are higher than in St. Petersburg but rose less quickly. The average price per square foot of residential property for sale rose to $386 from $204 last December, according to IRN, an index of real estate prices used by Russian brokers.Commercial real estate prices are not increasing as swiftly but are still high. Returns on real estate beat even the sizzling Russian Trading System index, which is up 62 percent this year, according to CB Richard Ellis, a Los Angeles firm that tracks global office rent.Foreign funds typically look for newly built office space in St. Petersburg and Moscow only, but there are few such properties.Both foreign individuals and corporations can purchase property for sale in Moscow. The process of the deal and its registration is the same. However, the registration of the deal in the name of a foreign company is significantly more expensive than that in the name of an individual.