“REALLY IN EVERY SEGMENT OF COMMERCIAL REAL ESTATE TRANSFORMATIONS TO THE SIDE OF PUBLIC FUNCTIONS, WHICH ARE A MIX OF AN INTERESTING MODERN CONSUMER”
Anna Danchenok, Head of Strategic Consulting Practice in the Real Estate Sector of PwC in Russia, discusses the development of different segments of the commercial real estate market, general trends and the future of development. – Can coworking compete with standard offices? – You know, the coworking market occupies about 0.3% of the total supply in the office segment. And even in the USA their share does not exceed 1.5%. Accordingly, it is probably too early to say that this is a competitor, but I would call coworking an effective tool for filling business centers, which, as we all know, still experience certain difficulties with this. – Now they are opening in large numbers, in Moscow City, for example … – Yes, the average annual rate is about 20-30%. And this is not only in Moscow, it is actually a global trend. Continue reading
The Russian housing market is still too young by world standards, and therefore many of our compatriots, having met in the media articles on how to make money on real estate, are sure that this offer is not for them, because it requires large investments. Meanwhile, many world-famous tycoons in this field, including the famous Donald Trump, took their first steps in this fertile market, not even having a cent, but good at counting.
Of course, the easiest way is to earn first money on real estate for those who already have it – for example, rent their own apartment or garage, and rent an apartment yourself is cheaper and park your car. But even for those who do not have their own apartment, you can make money on real estate by subleasing apartments. Continue reading
The main risks of mortgage loans in most cases are associated not with someone’s fraudulent actions, but with borrowers’ own inability to calculate their financial strength and foresee all risks. Experts told the RIA Real Estate website what are the main causes of overdue mortgage arrears and how they can be avoided.
So far, the share of arrears is small: at the end of July 2019, the volume of mortgages taken by the population amounted to 7.023 trillion rubles, while overdue payments amounted to 1%. In quantitative terms, this means about twenty-five thousand borrowers who delayed mortgage payments for more than 90 days in the first half of 2019, says Artem Kadnikov, senior associate at Olevinsky, Buyukyan & Partners Law Firm, referring to Equifax information and DRINK. At the same time, many delays and the problems following them can be avoided if borrowers simply do not make annoying mistakes and act to their own detriment. Continue reading