... reduction of expenses for employees' housing and a corresponding decrease of average demand budgets. This trend has led to the influx of young specialists without families. Thus the largest portion of requests is now concentrated in the segment of two-room apartments. In contrast, the demand for large apartments has decreased 50 percent. Marina Semenova Director of Tenant Representation Intermark Relocation Today we are facing an evident trend followed by almost all large companies: They seek to minimize...
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Main Trends in the Moscow Elite Rental Market in Q1 2012
St. Pete Governor Warns That Communal Flats Could Remain Into 22nd Century
There are still more than 104,000 communal apartments in St. Petersburg, with residents of 750 flats being relocated this year at a cost of 1 billion rubles ($33 million), the city's governor Georgy Poltavchenko said Tuesday. There are still more than 104,000 communal apartments in St. Petersburg...
Top-Earning Cop Made 9 Times More Than Nurgaliyev in 2011
... police officials in 2011, taking home 28.3 million rubles ($962,000) last year, or more than nine times what Interior Minister Rashid Nurgaliyev made. Grigorov also owns a 186-square-meter home and a 31.6-square-meter home and he owns a 128-square-meter apartment together with his wife, according to police income declarations published Wednesday on the Interior Ministry's website. He also owns an Audi A6 automobile. He said his wife earned 6 million rubles and owns a 100-square-meter apartment. According...
Norweigan Vice Consul Found Dead in St. Pete
A deputy officer at the Norweigan consulate in St. Petersburg was found dead in an apartment Monday morning. A deputy officer at the Norweigan consulate in St. Petersburg was found dead in an apartment Monday morning. There was no evidence of violence having been inflicted on the man's body, the Investigative Committee said in a statement...
Communal Flats Live On
There are still more than 104,000 communal apartments in St. Petersburg, with residents of 750 flats being relocated this year at a cost of 1 billion rubles ($33 million), the city's Mayor Georgy Poltavchenko said Tuesday. Last year, half that amount of money was spent to move a greater number...
Pulp Nonfiction: High School Students Brandish Pistols, Demand Money and Gold From Migrant Workers
A team of high school students are facing charges after breaking into an apartment in northern Moscow armed with guns and demanding gold and money from Tajik migrant workers, according to police. A team of high school students are facing charges after breaking into an apartment in northern Moscow...
Deductions for Property Buyers May Be Broadened
... ministry’s tax and customs tariff policy department Sergei Razgulin. Now it is unclear what happens if one of the owners receives their share of the deduction and the other does not, Razgulin said. Can that person expect a deduction when buying their next apartment? The Finance Ministry is proposing that the right to a full deduction be retained in this situation, so the buyer does not lose out. “This is the basis of the concept of the change — that it should not be for the object, but for...
150 Detained at Anti-Kremlin Rallies
... Petersburg, opposition activist Olga Kurnosova was held by the police minutes before an anti-Kremlin stroll in the city center, Interfax reported. Four more activists were detained during the walk. Separately, six police officers will be awarded free apartments as compensation for injuries suffered during a May 6 opposition rally in Moscow that ended in violence and some 450 detentions. The four OMON riot police officers and two regular policemen will receive deeds for the apartments in Moscow, a...
Civil Code Draft Amendments. Land Plots for Construction Under Leases
... ownership title to the real estate that is built with no time restriction. Thus, leases, which give them contractual rights, are much more attractive for developers. It may be suggested that the right to develop is attractive for developers of multi-apartment residential buildings, since once the apartments are sold in such a building, the ownership title to the land plot is transferred, by law, into the shared ownership of the owners of the apartments in the apartment block. We believe that the...
Body Found in Elevator Shaft After 6 Months
The body of a man was found in the elevator shaft of a partially built high-rise apartment building in western Moscow around six months after he died. The body of a man was found in the elevator shaft of a partially built high-rise apartment building in western Moscow around six months after he died. The gruesome discovery was made...
Pulp Nonfiction: 3 Jailed in Ransom Plot Gone Awry
... gang abducts a man to extort a 1.5 million euro ransom then kills him with a lethal injection of heroin. It was a plot that the three kidnappers thought would score them an easy 1.5 million euros. The woman, Yelena Milayeva, lured the victim to her apartment in a Moscow suburb and then took him captive with the help of two male accomplices. The gang then called the victim's wealthy father and demanded 1.5 million euros for his release. They even shot a video of the victim for "psychological...
Q&A: Initiative Brings Khamatova Joy and Frustration
... out of 153 countries in a Dec. 2011 survey by the Charities Aid Foundation) A: The whole understanding of charities was discredited in the '90s because there was so much manipulation, so much dirtiness — the idea that nobody is going to donate apart from fraudsters. But we know how many people there are who have needed oncological help but died. Q: You recently opened a London office of Gift of Life. What differences have you noticed between charity work there and here? A: We opened it because...
Legislators Strike at Protesters' Pocketbooks
... opposition leaders. "He must understand that he wants to bankrupt all the people that disagree with the authorities," said Boris Nemtsov, a key person behind the rallies, referring to Sidyakin. "His goal is to … strip them of their apartments and property. This is the right way — for North Korea." The bill comes after a fierce standoff between riot police and demonstrators on May 6, the eve of Putin's inauguration for his third presidential term. The skirmishes erupted...
Murmansk: It's Always Colder in Murmansk
... to Friday at noon and on Saturdays and Sundays at noon, 1 and 2 p.m. (100 rubles ($3) for Russian citizens, 150 rubles ($5) for foreign nationals). English tours can be arranged in advance. For MT Andrei Sysoyev, City manager Q: What sets Murmansk apart from other cities in the northern, European part of Russia? A: Its geographical location. Murmansk is located on the rocky eastern shores of the Kola Bay on the Barents Sea. It’s the largest city north of the Arctic Circle. Actually, Murmansk...
Medvedev Divides the Burden Amongst His Deputies
... As the government’s chief of staff, Surkov will monitor the efficiency of the executive branch, according to a statement on the government website. He will also oversee statistics and interact with the court system and prosecution agencies. Apart from that Surkov will continue to be in charge of innovation, but he passed the social issues portfolio to Olga Golodets, who will oversee demographics, health care, education and labor, as well as youth policy and tourism. Arkady Dvorkovich will...
Main Civil Code Amendments Concerning Real Estate
... provides for premises as a separate form of immovable property. This kind of property exists after it has been duly separated from a building. While the current Civil Code previously recognized common shared ownership of premises in a building only for apartment owners in an apartment building, now all owners of premises (residential or non-residential) will have a share in the ownership of a building's common areas, including the underlying land plot. Neighbors' rights to a land plot. When exercising...
TCS Gets $50M Investment
... majority-owned by founder and former bicycle racer Oleg Tinkov, who is implementing a "branchless" model that makes it possible to get a credit card at places like supermarket checkouts. TCS did not specify the stake Baring Vostok will get. Apart from Tinkov, Goldman Sachs and Vostok Nafta Investments are among shareholders. TCS' net income was $68.4 million in 2011, up 7.5 times on the previous year, on revenue up 139 percent at $332 million, according to a recent internal presentation...
Intoxicated British National Falls on Metro Rails
... was able to help the man, who received a concussion and fractured his tibia, without having the electric third rail de-activated or stopping metro train traffic. The man's name and occupation were not released by police, but they did say he owns an apartment in Moscow. 179742
Civil Code: New Risks and Opportunities
... Premises as a Separate Type of Real Estate The new Civil Code also identifies premises as a separate form of immovable property. This kind of property exists after it has been duly separated from a building. The current Civil Code previously recognized apartment owners in an apartment building as having common shared ownership of premises in a building. With the new Civil Code, all owners of premises (residential or non-residential) will have a share in the ownership of a building's common areas, including...
Security Chiefs Lack Private Transportation
... for their families. The head of the FSB, Alexander Bortnikov, earned 4.6 million rubles ($158,000) in 2011 — about the same as he earned the previous year. According to his public declaration, his personal property consists of a 99-square-meter apartment, a garage and two parking spaces. His wife earned 150,157 rubles. Neither he nor his family members own any means of transportation. His highest-earning deputy is Sergei Buravlyov, who earned 5.6 million rubles in 2011. Though his wife owns...