Moscow Is an Attractive Place for Development

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Moscow has been ranked 4th among European locations in terms of its attractiveness for development. The ranking was compiled by the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC) in their joint report Emerging Trends in Real Estate® 2014 Europe.

The study indicates that Moscow sits firmly in the number four spot in terms of development attractiveness but it was unable to retain its top ten position in terms of prospects for existing investments.

Most interest in investing in Moscow’s real estate market comes from local investors as well as Middle Eastern and Asian sovereign funds.

“Moscow climbed to fourth place in the development rating, which demonstrates a commonly held and agreed position among investors in terms of Moscow’s development trend as a city. The redevelopment of industrial zones and creation of new centers around transport hubs provide a broad array of opportunities for the emergence of new projects,” commented Darrell Stanaford, Deputy General Director for Strategic Development at RD Management and Chairman of ULI Russia.