Across the board, the Moscow real estate market is on the up. Significant developments in eh retail and office markets mean that the city has moved out of the shadow of ’98 and into new territory. However, it is still struggling to compete with Eastern Europe, where investors perceive less risk.
By Ian Pryde, published in the Real Estate Special of The Moscow Times Business Review, Volume 11, No. 8, 12 November 2003.