It looks like good news if you have money to invest but bad news if you are looking for a place to rent.
If you want more bang for your buck then the Moscow real estate market is the place to be, according to a Europe-wide survey of market players released Tuesday that put the city on top of the table for investment prospects.
But in the rollercoaster world of Russia's property boom not everything looks so rosy, as those polled also ranked Moscow the riskiest city to do business in.
Moscow's meteoric rise, up from 18th last year, is due in large part to investors turning away from Europe's traditional markets to tap into new opportunities, the annual report from PricewaterhouseCoopers and the Urban Land Institute said.
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If you want more bang for your buck then the Moscow real estate market is the place to be, according to a Europe-wide survey of market players released Tuesday that put the city on top of the table for investment prospects.
But in the rollercoaster world of Russia's property boom not everything looks so rosy, as those polled also ranked Moscow the riskiest city to do business in.
Moscow's meteoric rise, up from 18th last year, is due in large part to investors turning away from Europe's traditional markets to tap into new opportunities, the annual report from PricewaterhouseCoopers and the Urban Land Institute said.
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This could help the economy of Russia by promoting tourism and the property market. The article says that it is risky to do business in Moscow, but if you are willing to take the risk, then there could be a big profit in store. Since the economy is one of the main issues that Medvedev wants and needs to focus on.
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