under braverman director general of the russian housing development foundation. new the latest in science and technology from. the future covered. hello again or welcome to the spotlight. today my guest in the studio is. russia's biggest cities are going through a construction thousands of new buildings right there here and the real estate market keeps growing even so it is not enough and the russian government wants to

development in the next five years is it possible or is the statement just a pretty election. what's the big picture for real estate we're putting these points to the director general of the russian housing development foundation . official say about thirty million square meters of residential space are brought to the market every year real estate prices have grown five times during the last decade and demand is still extremely high many people however can't afford a plant and continue to live in soviet style shared apartments or dormitories meanwhile the construction mostly on the bigger cities while other parts of the country are left under developed. thank you very much for being with you having here first of all you are getting

ready to take part in a great event and. the event will bring together lots of people from many parts of the world especially the russians and americans i think will be the central dealers and what do you expect what are the u.s. partners that you wish to meet. first of all we as minimum we expect discussion to clarify. to work in russia and to walk in construction area to russia especially in areas of affordable housing. has made similar. we expect in certain steps to attract direct investment from from different kind of investor first of all from the u.s. when you see affordable housing you mean in russia in terms of cost today today housing in russia i think it's one of the one of the most and spencer in the world

so you wanted to make you wanted to be affordable by today's standards or by what by world stat. mean i mean russian standards standers. was created by this special special decree or ministry or were regional development. it describes describes a square metal. location and materials etc oh a little bit of a square meters but should affordable housing to you from your point of view become much more cheap in russia than it is today for different segments of horrible housing means affordable housing for the our main goal our. we aimed segment of of middle class.

economic a to the population and. it's. important they haven't seen well calling to signs in the streets of muskrat been seen many foreign companies building in moscow this doesn't mean that russia's construction. business is not attractive for foreign investors russian business is very attractive that is what we are it is for for fall for them for foreign investors. i would like to give you. some takers the ira are from different regions of russia are between twenty four till thirty five percent compared with the revenue here growth. absolutely absolutely. and our main goal. to do this business together with foreign

investors signal to industry with the minimum risk for them i mean evidence of your barriers corruption etc to reduce it. the construction industry in russia has seen upsurge this year after a period of slowdown spotlights yelena dimmy there are reports. the credit crunch heat construction industry in russia hard two thousand and eight so the majority all work suspended virtually no new projects were launched to two thousand and ten when recovery began it was partly due to the government which supported numerous projects including preparations for big upcoming events like the sochi two thousand and fourteen winter olympics the two thousand and twelve aipac summit in void of a stalk and the two thousand and thirteen university aid increase on. the

government does not intend to rely solely on its own resources it's encouraging investment both domestic and foreign to step in meeting with c o o's of the big players in the international markets prime minister putin promised predictability of the russian economy which he believes english is. host grace's revival this ship. is two thousand and nine to the third quarter of two thousand and eleven the record investment in russia has exceeded the hundred billion us dollars and the first nine months of this year are still a twenty percent growth in direct investment. as of the russian construction sector it has been shall we groove this year as well the country's economy's currently being fueled by growing domestic demand which is now climbed to one three year high despite the recent months turbulence in the global market and it has so far been unaffected by the euro zone debt crisis.

so so we see and you also mentioned that there are russian construction industry is should be very attractive for foreign investors well of course if you can get away with twenty four percent in revenue yes it before tax or after tax deferred before taxes ok but anyway attractive but there are global players such as for example the brookfield which which in brazil alone builds i think more than all russia russian companies build in their country are you afraid are russian russian companies afraid of competition from. big. sets because russian market is huge market huge market and the best of my knowledge just. see the spear is all gone but it's russian companies foreign companies and demand the russian market is saw big there the it's in

a place for all players the russian government is setting you go you mentioned that there the demand is high so the goal is to double the amount of construction in a double in like about five years or is it is it is a feasible go can this. can this really become reality it's absolutely real to the because. we have got a market in the patent in foundation and we. measure the demand and we have got a figure is which shows us that. the. two hundred million meters very year it's possible to sell in russia to southern russia but even at the existing yes yeah it means that it's a huge market. tell you begin again and again what kind of investment are you

seeing where you would be talking to your colleagues to your american colleagues you know what you need what just financial investment cash or you'd rather prefer know how and and like real real sort of exchange exchange of experience very simple one answer or both because both from american american. where i expect and where expecting more financial investment and regard in construction we have bought a lot of european partners. practically every month we receive. letters with a suggestion of new technology is. very efficient see. pure etc it means we have got we have opportunity to

make choices it means it means first of all for us direct investment what preferences does vest through will a developer get from a corporation with the housing development foundation for main blocks for main blocks the first of all. first of all. it's so called administered the resource. no doubt you discussed in this place the problem of corruption in russia of course . the plots of land of practically zero. so called administrative resource what will the. phrase as ministers of resource it's very widely used in russia work well what does it mean administer of resource

makes you overcome corruption helps you say money you don't know about iraq thinking maybe drafting their accounts on what. resources from the federal level means that regional. and local authorities will do their jobs according to the rules free of charge. so save your money at least at the at least the plots of land for fun some people told me some people in your business told me that after the new mayor came to most committed to sobriety and yes mr luzhkov the the number of red tape you have to cuts the number of bureaucracy in construction business as low it is a true it's really so it's really soul but they have a problem with the with the plots of land in moscow. but they knew

more school will get but unity for them to construct new affordable housing so administers a resource is one big thing that an investor developer gets by cooperating with the housing development foundation will talk about the other three after a short break we're talking to alexander brother man director general of the russian housing development foundation to back in no time so they wouldn't they're going to. discover it. communicate with you why don't. they come to.

see what nature can give you. a very warm welcome to you this is your news today protesters on the wall street street they are. ladies and gentlemen to try to get the status of the human experiment. we put your business right you support it was literally trying to make sense of liquidity and its arcane things as financial templates. to maintain our confidence in markets and. wants to be easing trade imbalances recession look keeping missions close to collapsing it's like loan foreclosed homes. to fail aaa banks again feel

like think if the us crash and seven it smashed. to classes in the streets the i.m.f. spokespeople just programs increase the total economy. welcome back to a spotlight on amalgam often just a reminder that my guest on the show today is alexander private among the rector general of the russian housing development foundation h.d. after this call that shortly well we started talking about the the preferences that developers get by dealing with the have you mentioned one administrative resource which helps you save money on a current action ok well it's actually agreed that process is the second circuit

the second one in for such a company and the company. recently i've read. it seems to me in a must in a russian newspaper rhythms to be that the concern and concern and investment glam and russia are between between costa rica there either. to main company and its infrastructure. and permission for construction. our support regard and for infrastructure company and ease opportunity for potential investor to integrate in grits. gas electricity etc etc. their third component is. the commentary company because of we have go out. agreements with

the. branch of branch of powers especially especially agency which is responsible for it. it means we are ready to support but the rest of the ridges three there are rights for the buildings multiplexes. and finally. last but not least the. final financial support for the financial support because of two companies within. financial supporters we have got agreements with the. banks largest bank in russia yes. loans yeah absolutely. brittle ones for population for constructors. some western companies will

giants like i care for example i think the main. the main thing that they may need from you is number one leave the administrative resource be because the they sometimes say that they encounter huge problems while dealing with authorities so so so i think we'll do. well we're helping farmers this is the main thing you do for them is a true yeah i've heard the history of i care and i would like to see. the foreign investors. to help them to solve problems they will not have problems. during the process of cooperation and respond. because of we have got the agreements with all eighty three. regions of russian

federation. thirty three now let's talk about a different matter about the housing itself when we say housing in russia we mean we mean apparently blocks well which is strange for most of our viewers because because in many countries in most industrial developed countries people prefer living in individual houses now. yeah well except you're saying maybe i happen to live in the apartment block in russia like like i think ninety percent of the population live in apartment blocks why why so this is sort of a traditional was a traditional salute. unfortunately unfortunately population and russia. has had to leave in break and harris house. we have a special program to promote. russia. but in my view my person of the you and i'm sure of the view of my colleagues

we will promote all these programs just. on the positive symbols we have got the this positive samples. of us talking you know when. in history it's causally with the mosque or etc we will show it. people to people but will you make individual housing affordable they really did this is that it should be cheaper that it's it's absolutely possible because because of. we. during the three years we are conducting the competition housing of twenty twenty one. twenty twenty one and during this competition the price of

the individual house. should be not less then eighty. eighty eight hundred thousand dollars pregnant but as a grandma but the one of those the problem rush is also that we cannot afford building houses like in united states from cardboard and plastic because because of the winters i mean. the problem for american programs of construction is going to be construction and russia because this population with. russia doesn't look at this house like. the first house and first house. it looks like that you. make that sure because it's because it's seventies panels it's like that chair there's a problem. the same problem mentioned before the. problem of mentality

well we have a pretty nice dutch are here you see. this is what like like no other luxury dutch . talking about their actions the age the fear fund as far as i know how do you competitions of the best house for the twenty first century world many companies take part to maybe this house will take part in this competition listen what from your point of view is the ideal hands for the twenty first and what kind of house should win in your competition. idea house the this is this picture a loris with. all their will all four of energy. very ecological. and with a good view and. with the opportunity to reach the place of

job. within the. very very good day what very good time because i know in moscow some people some people drive more than an hour to get to work here more modern and to some even more than one is what do you call good time good so our drug war for four regions and russia in my view it's. thirty minutes in moscow it will be good will be realistic it will be a good one hour we're going to want to hear driving within one hundred feet of where if you take the subway train should be asked are you ok do foreign architects take part in these competitions of yours unfortunately unfortunately. from former u.s.s.r. and so. socialist countries but we expect that the best could. be could get access

partly we discussed this problem this great mystery before. and we are expecting. the participation in our committees well the two thousand and eight financial crisis led to a lot of foreclosures so what do you do to avoid the same problem now russia where the average person seeing power of people is much lower than they are then even the . repression. it's a. marker a economics problem not a problem of affordable or. glass or business because of the micro or macro economic problem and in my view absolutely sure that the. current situation in russian economy and the current

situation situation in russian prime mance is quite good to be quite stable. housing in moscow is more expensive than in dubai salut comparable to london but can the market can moscow housing market really really compete with london the back. of the red. if we discuss the problem. the best bit of competition regarding regret in prices. absolutely comparable with with the with the with with london and dubai regatta in quality unfortunately no. main. to do it together with the most school local authorities popular with the city said ben in the new major we are working together absolutely together and

we met. one one one one time and very very weak and. the problem will be so so so you are optimistic yeah ok well thank you thank you very much. good luck on the upcoming course we thank them we gave you something it was a pleasure yes thank you love and just a reminder that my guest today was alexander the private of my director general of the russian housing development foundation and that's put up or more all of us here if you want to talk to your sales or if you have someone like you think i should interview next time to drop the powder in our path. and let's keep spotlight interact. with more put out a problem for what's going on in and outside russia until then stay on our team and

take care.

she's available in. toto on this it is called photo. culture in the city. as a good up until the strength for this to tropicana hutto. a last ditch effort to end bloodshed in syria the arab league demands that president assad talk to the opposition and withdraw his tanks from the streets.

costly recognition of washington halt funding of unesco hours after the u.n. cultural agency grants palestinians full membership by a majority but. the mainstream media resurrects an f.b.i. case code named ghost stories seeing the release of footage featuring russian sleeper agents uncovered in the u.s. last year. ten am in moscow good to have you with us here on r t our top story of the world waits for syria's response to the arab league's demands to pull tanks off the streets and start dialogue with the opposition earlier syrian president assad said he would only speak to parties with no links to foreign powers or what he called terrorism some three thousand people already killed since clashes between anti-government protesters and security forces started.