City Hall is and has been the largest land owner in St. Petersburg; therefore, it is necessary, in the overwhelming majority of instances, to resolve the issue of allotting a land plot for construction with the city. When determining the cost of rights for municipal land in St. Petersburg, one …

Stanislav Zhukov, head of real estate finance and capital markets services at Ernst & Young, contributed this month’s topical essay. This column has traditionally focused on the valuation and appraisal of real estate assets, but our market operates with legal entities, and most income producing properties are transferred by the …

Last month in this column we presented the factors involved in valuing real estate development companies – through the drivers of their net assets using a multiple that accounted for the reloading adjustment; or alternatively a less direct discounted cash flow analysis. This month, we focus on the single-property owning …

An Appraisal Professionals Society (SPO) has been established in St. Petersburg at the initiative of St. Petersburg Property Fund and the Urban Real Estate Inventory and Appraisal Department (GUION), the main customers of appraisal services. Experts believe the creation of this structure is timely in light of the fact that …

One of the priorities of the country is now investment in infrastructure to make its economy work better. Massive investment is planned for spending on highways, bridges, tunnels, airports, water systems, sewage treatment, transport systems and other public infrastructure. This activity will create significant demand for real estate appraisal work …