 
Usadba Moscow Residences held a press lunch in Pushkin Restaurant where the issues of elite residential real estate market, its trends and overall results of 2007 as well as expectations for 2008 were discussed. Evgeny Ivanov, the company CEO, Ekaterina Batynkova, Head of City Property Department, and Ivan Shulkov, Head of Investment Consulting Department addressed the audience with reports. The event hosted a great number of journalists representing leading business and special publications.
Usadba Moscow Residences held a press lunch in Pushkin Restaurant where the issues of elite residential real estate market, its trends and overall results of 2007 as well as expectations for 2008 were discussed. Evgeny Ivanov, the company CEO, Ekaterina Batynkova, Head of City Property Department, and Ivan Shulkov, Head of Investment Consulting Department addressed the audience with reports. The event hosted a great number of journalists representing leading business and special publications. The discussion touched upon both in- and out-of-town luxury properties. According to the overall results of 2007, the luxury real estate segment of in-town realty has been developing quite independently from that of out-of-town realty and the whole non-luxury segment.  As long as in-town property is generally more popular, it runs a smaller risk of experiencing various crises, which the whole real estate market faces normally every now and then. According to Evgeny Ivanov, Usadba Moscow Residences CEO, “now it’s been 5 years that demand for in-town luxury property has held its steady position. About 3-5% of all newly constructed property in Moscow is elite and appears in the capital annually”.  As for out-of-town luxury real estate market of Moscow, it has considerably changed over the past few years. Evgeny Ivanov pointed out, that “according to the overall results of 2007 there is a steady yet gradual growth of rates on all kinds of out-of-town properties. The only exception is land plots located along Roublyovo-Uspenskoye Highway. The rates on them had been increasing significantly during 2007, which resulted in top marginal rate jumping up to $300,000 per 100 sq. m”. “Over the year of 2007, the level of sales on in-town real estate market increased 40% while the number of rental deals doubled. As a result, City Property Department of Usadba Moscow Residences has strengthened its position as a leading players of luxury property market”, said Ekaterina Batynkova.  The Usadba Moscow Residences speakers have also commented upon the investment topic saying that the experience of the past few years indicates that the main players of luxury property market and namely developers, financial and industrial groups and banking quarters use professional consulting services while appraising and developing projects or making decisions of taking part in investing.  The abovementioned approach is dictated by high-level requirements of investment validity in projects as well as by increasing of market risks related to the rapidly growing number of projects, size of demand and competition, and limited solvent demand.  Ivan Shulkov, Head of Investment Consulting Department of Usadba Moscow Residences, said that “over 3-year experience in investment consulting and market analysis our company has executed over 15 development projects as well as consulting projects devoted to development and promotion of residential complexes including those for such companies as United Industrial Corp. (OPK), Sintez Development, Starr Investments, Mirland Development, Baltiysky Monolit, NB Trust, Krasbank and others”.
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