real estate bubble
Moscow’s real estate boom: Unstoppable?
Posted on March 22, 2007. Filed under: buying property, buying real estate, housing, housing market prices, property, property development, real estate, real estate bubble, real estate feature, real estate forecasts, real estate in Europe, real estate investment, real estate keywords, real estate market, real estate news, real estate report, real estate trends, selling real estate, travel hotspots |
If you thought Moscow property prices couldn’t go any higher – well, they just have! Apartments in the centre of the city are being sold and rented at prices which would appear to defy all reason – except that Moscow is a city, now, of extraordinary wealth.
The average price of an apartment rose to US$16,363 per sq. m. in prime Moscow districts in Q3 2006, according to Knight Frank, Moscow. Re-sale apartment prices rose 62.8% in the three quarters to Q3 2006. Newly built apartment prices rose by 79% in the three quarters to Q3 2006. A small three-room apartment (60 sq. m.) in central Moscow is now worth US$1 million. First-class apartments can command twice that or more – US$30,000 per sq. m. and up is not unknown.
Property is not all that’s booming.
Read the rest of the article here:
Yields are falling in Russia, but still high
Pro-tenant rental market in Russia
Buying costs are high in Russia
High, flat taxes for non-residents
Reclaiming the Superpower status
Read Full Post | Make a Comment ( None so far )Real estate phrase for the day: Carry Trade
Posted on February 22, 2007. Filed under: building property, buying property, home search, homes, housing, housing market prices, mortgage, off topic real estate, press release, property, property development, real estate, real estate agent, real estate announcements, real estate bubble, real estate chart toppers, real estate facts, real estate feature, real estate forecasts, real estate forums, real estate in Africa, real estate in Asia, real estate in Europe, real estate in Latin America, real estate in North America, real estate in the Caribbean, real estate in the Middle East, real estate in the Pacific, real estate keywords, real estate lists, real estate management, real estate market, real estate news, real estate reader, real estate resources, real estate tips, real estate tools, real estate trends, rental, selling real estate, travel hotspots, Uncategorized |
Carry trade is defined as The speculation strategy that borrows an asset at one interest rate, sells the asset, then invests those funds into a different asset that generates a higher interest rate yield. Profit is acquired by the difference between the cost of the borrowed asset and the yield on the purchased asset.
There’s an echo among real estate forums lately that Japanese increasing rate versus the declining value of Japanese Yen may greatly affect the yen-carry trade. According to the latest Reuters report, however, “high risk yen carry trades exploiting Japan’s low interest rates are in no danger of losing their appeal as long as Japanese monetary policy remains predictable and financial market volatility stays low.”
So what is your opinion on this? Do check out the Global Property Guide forum and start a new thread!
via: Reuters
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