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Russian Revolution

By: Language: English Series: Property Week ; 71(16) 21 April 2006, 42-45(4)Publication details: 2006Subject(s): Summary: China, India and Russia are the three nations whose commercial property markets are in their infancy but are about to boom. Of these, Russia has the most advanced property market with international occupiers and investors are lining up to make deals. Among them is world's most largest property services firm, CB Richard Ellis who is buying one the dominant four Russian advisory firms, Noble Gibbons. However, foreign investors may be showing signs of false optimism. Critics have claimed that despite economic growth, Russia is underperforming in attracting foreign investment, is riddled with corruption and red tape and needs to diversify away from its dependence on oil and gas. In contrast, others firmly believe that the Russian property market is just too exciting an opportunity to miss out on.
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Journal article London Journal article L133245 (Browse shelf(Opens below)) 1 Available 133245-1001

China, India and Russia are the three nations whose commercial property markets are in their infancy but are about to boom. Of these, Russia has the most advanced property market with international occupiers and investors are lining up to make deals. Among them is world's most largest property services firm, CB Richard Ellis who is buying one the dominant four Russian advisory firms, Noble Gibbons. However, foreign investors may be showing signs of false optimism. Critics have claimed that despite economic growth, Russia is underperforming in attracting foreign investment, is riddled with corruption and red tape and needs to diversify away from its dependence on oil and gas. In contrast, others firmly believe that the Russian property market is just too exciting an opportunity to miss out on.