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Sales of new houses grow in the USA

March 30th, 2009

In February sales of new houses in the USA have grown, despite of expectations of analysts.
According to the Ministry of Trade, sales have grown on 4,7 % up to 337 thousand houses in annual calculation (in January this parameter made 322 thousand houses).
In February the average price of sale of new houses has decreased on 18 % in comparison with a level, fixed in 2008.

GVA Sawyer will raise qualification of Russian developers

March 30th, 2009

GVA Sawyer together with English Institute of financial analysts (IFA) starts the program of improvement of professional skills for the Russian real estate experts.
The president of company GVA Sawyer has told that the Russian experts will have a unique opportunity to improve their qualification in English Institute of financial analysts (IFA) without additional expenses for training abroad.
As it has become known the program is worked out for all participants of the real estate market - financial managers of the industrial companies, top-managers of the companies, working in the real estate market.
Let’s remind that the group of companies GVA Sawyer operates in Russian and CIS real estate markets since 1993, giving a full spectrum of services in various segments of the real estate market.

Stockmann enters an economy policy

March 24th, 2009

Finnish retailer Stockmann will postpone or will cancel many of the planned investments as it wishes to receive high profit in 2009 in terms of consumers’ low trust.
Stockmann has informed on the beginning of realization of the economy program, aimed at reduction of annual expenses (EU 28 million).
The company will finish two current key investments - opening of new shops in Helsinki and construction of new shop in St.-Petersburg, but the company will freeze the most part of other investments in order to keep total investments at level of EU 150 million.

Placon offers offices in the west of Moscow

March 17th, 2009

Company Placon Property Management offers to rent office premises in the second turn of business centre Barklay Plaza, which is in the west of Moscow.
The Business centre is located in the west of Moscow not far from the Kutuzovsky prospectus. In connection with crisis the majority of the large companies, such as Mirax, renting offices in a building, have essentially reduced quantity of the occupied areas. Therefore in a building there are free offices with high-quality level of furnish.
Cost of rent of premises in business centre Barklay Plaza makes $500 for sq. meter, including all expenses and VAT.

World’s largest real estate exhibition

March 11th, 2009

Today in Cannes world’s largest real estate exhibition MIPIM opens. However, this year 30% less participants will arrive, and MIPIM’s incomes will decrease at least on 16 %.
As it has become known, about 5,5 thousand companies from 80 countries took part in MIIM. Last year this parameter made about 8,4 thousand companies from 86 countries. It is connected with crisis influence; a lot of refusals have been sent from Russian companies.
This year 230 Russian companies will take part in an exhibition (it is on 57% less in comparison with previous year).

Real estate crisis in Spain

March 11th, 2009

In December-January group G-14, which is uniting the largest building companies of Spain, has not begun any developer project.
February data are not published yet, but it is supposed, as last month the situation remained the same.
The main reason of developers such behavior can be explained by the fact that Spanish real estate has a lot of unsold houses. So, company Metrovaseca planned to sell 2,463 thousand objects, constructed in 2008, but actually it has sold only 657 (27 %). The total number of non-realized habitation in Spain can reach 1 million objects.

Midland Group stops projects in Moscow

March 6th, 2009

Money, which Midland Group has received from sale of office to the Savings Bank, has not rescued it from crisis. The company has paid off under credits, but it is compelled to freeze construction of more than 1 million sq. meters of the real estate in Moscow.
Midland Development (Midland Groups affiliate) freezes construction of major parts of Moscow projects.
As it has become known, because of limitation of access to credit resources the company stops approximately about 1 million sq. meters of the real estate objects in Russian capital.
Techno Park on a place of Moscow bus factory is among the largest frozen projects.
Earlier Midland Development has already frozen program Strip Mall.



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