A booming real estate market is not something that immediately comes to mind when an outsider thinks of Moscow, but to city residents the omnipresent building cranes are vivid reminders of the transformation that Russia’s capital is going through.
A city with virtually no modern, international-standard office, retail, warehouse, hotel or residential buildings just a decade ago, Moscow is quickly emerging as one of Europe’s biggest and most important real estate markets. And for the local and foreign developers that are changing the city’s face forever, the sky is the limit – both literally and figuratively.
