The development of the real estate market is of course directly linked to the development of the land market. Well thought-out legislation, transparency and cooperation from local authorities enable the developers to focus on the actual task at hand. In Russia this type of ideal business environment is still a long way off but in […]

Not a single large property emerged on St. Petersburg’s hospitality market in 2007, though many investors announced future plans for development. Meanwhile, a record-breaking number of properties are preparing to enter the market in the years 2008 and 2009. At the moment, 137 projects with more than 11,000 rooms are in various stages of completion.