Rus News Journal

The volume of investments into real estate of Petersburg has sharply grown

In St.-Petersburg volume of investments into real estate for the last year has increased almost in 10 times, it became the present break of year against other cities of the world. However some experts consider it as a temporary phenomenon as in our country as a whole the investment climate while leaves much to be desired.

According to the global research Global Capital Flows 2011 spent by company Jones Lang LaSalle, Moscow following the results of 2011 has got to the Top - 20 cities with the highest investment activity whereas in 2010 occupied 25 - ju a position. St.-Petersburg has forced all to be surprised this time - the volume of investments into a city has increased almost in 10 times. As a result Northern capital has risen on 34 - ju a position in a rating though earlier it did not enter even into first two hundreds.

One participants of the market prefer to see this tendency as a constant. In a city still there are very many trading complexes which successfully settle down, but conceptually start to become outdated. Proprietors prefer them to sell, rather than to be put in updating. However as a whole it is underlined that such high indicators can seem against postcrisis recessions. In the real estate market there were new players, and for previous years projects interesting to investors which any time have not been claimed developed. Now investors have woken up also have again started to show activity.

Are voiced as well opinions that this phenomenon time. The vice-president of Guild of managing directors and developers Alexander Sharapov has told RBG about the reasons of such sudden soar of level of the Petersburg investments.

- Most likely, St.-Petersburg has occupied 34 - e a place in this rating at the expense of sale by shopping centre fund Meredian Capital CIS Fund Gallery the 192 thousand area The sq. m in city centre, - were explained by it. - this object has got bank Morgan Stanley (USA) approximately for $1,1 mlrd, at the capitalisation rate in 9 %. The transaction on sale has been officially complete just in December, 2011. Such high position in a rating is a temporary phenomenon, as such projects, as a complex Gallery in the market are individual.