03 May EVALUATE THE PROSPECTS FOR INTERNATIONAL FIRMS AT RUSSIAN MARKET FOR NEAREST FUTURE
Establish whether imposed sanctions affected the real estate and development in Russia with a focus on international players present on the market.
Draw conclusions based on analysis on past, present performance of key international real estate and development firms at Russian market. Evaluate the prospects for international firms at Russian market for nearest future?
Objectives for the Research
Based on above listed in aims for the research, still thinking on this.
Key Idea for Report:
Main factor that is influencing Russias real estate as the result of sanctions is absence of new investments. Most international investors either left the market or suspended their investments into new project.
Lack of investments resulted in dramatic reduction of available credit capital for developers and construction firms.
Despite published official statistical data that is showing the little but still a grows in GDP over last few years, real economy seams to steadily contract as for example:
Most of international design, development and construction firms either left the market or significantly limited their business activity. Mott Macdonald (international building related design company) left the market in 2017 as they could not continue to work with their main local clients as these clients were listed in the sanctions list. ARUP (design) significantly reduced their staff in Moscow office, relocated most of their expats to their European offices due to significant reduction in number and size of new projects etc.
Most of large international construction companies left the market. Local construction companies and local developers are steadily disappearing due to absence of new projects. Moscow housing development market is now dominated by one company (PIK) that is owned (indirectly) by one of the Russian government top officials), Sberbank (the largest state controlled bank) in subsidizing mortgages for all PIK developments at rates that are half the cost of the market rates.
The buying capacity of the population is steadily going down. Despite this fact state owned banks are stimulating relatively cheap mortgages for selected developers like PIK, which could soon become unpayable in large numbers. Looks very similar to the financial bubble that led to serious problems in US in first decade of 2000s V
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.