five thirty pm here in the russian capital you with all your headlines now the u.s. versus the u.s. go to washington cubs funding to the u.n. cultural body after it granted an historic membership to palestine. and the f.b.i. joins the halloween celebrations by sharing its own ghost stories releasing surveillance footage scarring chapman and other alleged russian spies. and being action the international community pushes syria's president to fulfill demands from the arab league and the bloodshed and start talks with the opposition

. now since the soviet era finding adequate housing has been a major headache for many russians but to discuss this now assays algona sits down with alexander brafman the director general of the russian housing development foundation. will. review the latest science students. from. the future. hello again or welcome to the spotlight the interview show on arts and i'll do you

know of and today my guest in the studio is alexander but are there among russia's biggest cities are going through it with structural thousands of brand new buildings rise every year and the real estate market keeps growing even so it is not enough and the russian government wants to double the residential development in the next car and here this is possible or is the statement just a pretty. sweet what's the big picture for russian real estate we're putting these points to the director general of the russian housing development foundation alexander but our government. officials 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 to plant and continue to live in soviet style shared apartments or dormitories meanwhile the construction boom is focused mostly on the

bigger cities while other parts of the country are left under the belt. thank you very much for being with pleasure having you here well 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 that for a while you expect one of the u.s. partners that you wish to meet. first of all we as minimal discussion drums to walk in russia and to walk in construction area to russia especially in areas of affordable housing. as night cinema. we expect certain steps to

correct their wrecked investment from from a different kind of west of first of all from the us 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 instances in the world so you want to make if you wanted to be affordable by today's standards or by world. i mean i mean russian standards the standards. was created by a special special decree or ministry or regional development and. it describes describes square metal. materials etc. square meters but should affordable housing from your point of view become much more cheap and russia than it is today but different segments

affordable housing means affordable housing for the our main goal. we aimed segment of of middle class. economic a civil population and. it's our main pool they haven't seen. the signs in the streets of moscow haven't seen many foreign companies building in moscow this doesn't mean that russia's construction. is this is not attractive for foreign investors russian business is a very attractive feelings for me or it is for for for for them for foreign investors. i would like to give you. some thinkers. are from different regions of russia are between twenty four till thirty five percent compared with the

every year growth. absolutely absolutely. and our main goal. to do this business together with foreign investors some of the industry with the minimum risk for them i mean edmonson barriers corruption etc to reduce it. because russian industry in russia has seen upsurge this year after a period of slowdown spotlight even though the me the reports. the credit crunch heat construction industry in russia hard two thousand and eight saw the majority you work suspended virtually no new projects were launched to two thousand and ten when the recovery began it was partly due to the government which supported numerous projects including preparations on big upcoming events like the

sochi two thousand and fourteen winter olympics the two thousand and twelve aipac summit in variety rostock and the two thousand and thirteen university aid in cars on but the government does not intend to rely solely on its own resources it's encouraging investment on both domestic and foreign to step in a meeting with c o o's of the big players in the international markets prime minister pointing promised predictability of the russian economy which he believes is enjoying by coast grace's revival a ship the question is do thousand nine till the third quarter of two thousand and eleven the iraq or investment in russia has exceeded a hundred billion euros dollars and the first nine months of this year have seen a twenty percent growth in direct investment that's your last payment and used it as with the russian construction sector it has been shall we groove this year as well the country's economy's currently been 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 eurozone debt crisis. or so so we see and you also mentioned that there's rush all construction industry is should be very attractive for for us as well of course if you can get away with twenty four percent in revenue is it before tax or after tax deferred 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 russian. russian companies build in their country are you afraid are russian russian companies afraid of competition from. search. search terms because russian market is huge market huge market and the best of my

knowledge as. i see the sphere of all companies russian companies foreign companies and demand the russian market is saw big b. . it's not place for all players the russian government is sitting you go. there the modest size of the goal is to double the amount of construction in the dug little in like about five years or is it is it is a thing is it will go can this can this really become reality it's absolutely real to the because. we have a good market environment in foundation and we. measure the demand and we have a figure is which shows us that. more. two hundred meters per year. it's possible to sell in

russia to southern russia even at the existing yes yeah it means that the huge market. so 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 you need. financial investment cash or you'd rather prefer no how and then they're like real real thought of exchange a exchange of experience very simply once or a both because one from american american. where i expect and where expected more financial investment. rebellion construction we have bought a lot of european partners practically every month we receive.

letters with the suggestion of new technology is. very efficient. pure etc and it means we have got it we have opportunity to make choices it means it means first of all for us there at the investment what preferences does vest through will a developer get from a corporation with the housing development of the four main blocks for main blocks the first of all. first of all. it's. called against the resource. no doubt you discussed in this way is the problem of corruption in russia.

lots of fun to corruption practical and zero. so called. this phrase as minister it's very widely used in russia work well. what does it mean to resource makes you overcome corruption helps you say money. think think what. a resource from a federal level means that regional. local authorities will do the jobs according to the ribs free of charge. so saves you money at least at least. four but some people told me some people in your business told me that after the you know you came to must commit to somebody and yes mr luzhkov the the number of

red tape you have to cut the number of bureaucracy in construction because as gloria is it true it's really sort of it's really saw but they have a problem with the with the poor. and most poor but. they need you more school will get opportunity for them to construct you affordable housing so through the resource is one big thing that invesco developer gets by cooperating with the housing development foundation we'll talk about the other three after a short break we're talking to alexander brad lamm director general of the russian housing development foundation to back in the inside so they wouldn't go. download the official tea allocation q i phone the i pod touch from the i choose

option. life on the. video on demand keys mind bold colors and r.s.s. feeds now in the palm of your. push on the top come. on. a very warm welcome to you this is your news today protesters on the wall street. they have. essentially your chance. to get a book except the status of the human experiments to. see if we pursue a business run here's what it goes to the military trying to censor local economies and it's all changed lanes and us financial tables that are really clamoring to

maintain our confidence in monkeys and no one wants to be easing suakin balances recession low to keep the nation's close to collapsing a subprime loan foreclosed homes. to fail circlet banks again feel little things the us crash. scene flames it. doesn't happen street the up for sale just programs increase the total economy stupid. welcome back to spotlight i am now going over just a reminder that my guest on the show today is alexander the brother man there refrigerator zero of the russian housing development their nation page the after let's call it. what we started talking about the the preferences that

developers get by dealing with asia you mentioned one administrative resource which helps you save money ok well this is actually greece is the us is the second circuit the second one infrastructure company and components. recently i have read . me it seems to me in the in the russian newspaper riddance to. the. concern and concern in western clement russia are between between. the. two main company and its infrastructure. and permission for construction. power support. for infrastructure company and ease opportunity for potential investors to integrate in britts. gas electricity etc

etc. there are thirty component is. the commentary company because of we have go out. agreements with the. printer of branch of powers especially especially agency which is responsible for registration it means that we are ready to support but the rest of registering their rights for the building. multiplexes. and finally here. in a place. financial support for the financial support because of two companies within financial supporters we have got agreements with the. largest been very large to get pretty low

yeah absolutely. for population and for constructors. some western companies will giants like i care for example i think the main. thing that they may need from you is number one levy administers a resource because they sometimes say that they encounter huge problems while dealing with authorities so so so i think we'll. have healthy forest this is the main thing you do for them is a true yeah. history of i care and i would like to see. the foreign investors. it's a necessary clue to solve problems the wheel. not have problems. during the process of cooperation this one.

because of we have caught the agreements with all eighty three. regions of russian federation's. thirty three now let's talk about a different matter about the housing itself when we say housing in russia we mean we currently 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 model race yeah well it's yours it may be that we're going to live and apparently in russia i think ninety percent of the population live in apartment blocks why why so this is sort of a traditional what a traditional. additional unfortunately unfortunately population and russia have has had to leave in break.

housing. we have a special program to promote. russia. what in my view my person of the you and i'm sure of the view of my colleagues we will promote these programs just. there was a tip some things we had called the this positive samples of where he was in where he was talking. in. causally with moscow etc we will show it. people that are people but will you make individual housing affordable then this is that it should be cheaper that gets its it it's absolutely possible because because of. during the three years we are conducting the competition housing

of twenty twenty one. credit it really was and during this competition the frys of individual housing should be not less then eighty. eighty. thousand dollars per month but as women with the eating of those are the problem is also we can't afford building houses like in the united states from cardboard plastic because of the winters i mean. the problem for american. russian and canadian consumption and russia because this population in. russia doesn't look at this house like. the first house was. it looks great that you. make that sure

because the so yeah because it's said. that the problem. is the same problem mentioned before the. problem of material well we have a pretty nice dutch in here you see. what i like like rather a luxury dutch. talking about the actions of the aged near your phone as far as i know how do you competitions how the best house for the twenty first century many companies take part maybe the service will take part in this competition. what from your point of view is the ideal hands for the twenty first and what kind of house she will in your competition idea house the this is this picture a low rise with. all their will of of

energy. very ecological. and with a good view and. with the opportunity to reach the place of jobs. within the. very very good time for. a good time because i know in moscow some people some people drive more than an hour to get to work here more money than into movies so some of you wouldn't know one is what you call good time. so i'll drive all four of regents and russia in my view it's. thirty minutes in moscow and it will be good will be realistic it will be good. with one of you driving within one hundred fifty grand 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-called. socialist countries what we expect to be best. be critically existing partly we describe this problem is related to mr buffet. and we are expecting. the participation in our companies well the two thousand and eight financial crisis led to a lot of foreclosures so what we do to avoid the same problem russia where the average person is in power of people is much lower then they are then easily. understood your question. mark economics problem not a problem of. affordable or. premier

business for us because the macro micro can a problem and in my view absolutely sure that the. current situation in russian economy and the current situation situation in the russian prime ians east . quite good to be quite stable. housing in moscow is more expensive than in dubai salut comparable to london but the market can moscow housing market really really compete with would love you back. if we discuss the problem. of competition regarding prices. absolutely comparable with the with the with with london ended by reagan and unfortunately. no.

main task to do it together with the more school local authorities thoughtfully with the city sedan in the new major we were going to be a day absolutely. there and we met. one one one one time and very unfair or weak and. probable missile so you are optimistic. yeah ok well thank you thank you very much and we should good luck on the upcoming quarterly invitation thank god we get you home again was a pleasure yes thank you just a reminder that my guest today was alexander the private i'm a director general of the russian housing development found and that's it for now from all of us here if you want to have your sales or if you have someone like you think i should interview next time if the cows are not bad i think you need dots

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