According to the RICS Global Real Estate Survey for the first quarter of 2012, the commercial real estate market in Russia took the lead.
In the first quarter of 2012, Russia demonstrated one of the highest rates in the European commercial real estate market. The Russian market gained greater confidence from investors and customers, which affected the growth in consumer demand for real estate. The index of demand for real estate in Russia in the first quarter of 2012 increased by 40%, the supply indicator decreased from -36% to -52% compared with the last quarter of 2011. A similar increase in activity was recorded in Poland and Germany.
Andrey Lukashev, MRICS, CCIM, ILM Managing Partner, Member of the RICS Commercial Property Council, comments on the situation in Russia: and continued growth in rental rates in all segments of commercial real estate.
Due to the change in the urban planning policy of Moscow, which restricts construction in the city center, and the low current level of quality supply, substantial growth in rental rates in office real estate in the city center continues. The change in the boundaries of Moscow has not yet affected the commercial real estate market, since the declared plans for the development of territories relate to the years 2015-2016. ”
An independent international organization representing the interests of specialists in the field of real estate, land use and construction RICS (The Royal Institution of Chartered Surveyors) was founded in 1868 in the UK. RICS sets standards, regulates professional activities, protects the interests of clients and customers, provides up-to-date information and objective recommendations.