well. renewed the latest in science and technology from around russia. we've got the future covered. hello again or welcome to the interview show on our i'll do you know of and today my guest in the studio is. russia's biggest cities are going through a construction thousands of brand new buildings right over here and the real estate market keeps growing even so it is not enough and the russian government wants to double the development in the next five years is it possible that the state will be 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 alexander government. 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 we are 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 at that what do you expect what are the u.s. partners that you wish to meet. first of all. discussion. to walk in russia. to walk in construction area to russia especially in area of affordable housing. has makes him we expect 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 spent in the world so you wanted to make you wanted to be affordable by today's standards or bought by

worlds to. mean i mean russian standards this. was created by this special special decree or ministry of regional development. it describes describes square metal. 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 is construction business is not attractive for foreign investors russian construction business is very attractive it is what it is for for for for. 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 with the very 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 elementary of barriers

corruption etc to reduce it. because structural industry in russia has seen upsurge this year after a period of slowdown spotlights yelena dimmy there were reports. the credit crunch he'd construction industry in russia hard two thousand and eight so the majority who work suspended virtually no new projects were launched two thousand and ten when recovery began it was partly due to the government which supported numerous projects including preparations from big upcoming events like the sochi two thousand and fourteen winter olympics the two thousand and twelve aipac summit invited us talk and the two thousand and thirteen university aid in cars on what the government does not intend to rely solely on its own resources its 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 is enjoying by host crisis revival this ship do you have to work with what is two thousand and nine to the third quarter of two thousand and eleven direct foreign investment in russia has a. a hundred billion dollars and the first nine months of this year to twenty percent group in direct investment was used for the russian construction sector it has been shall we groove this year as well the country's economy's currently being used by growing domestic demand which is no crime too with three year high despite the recent months turbulence in the global market and it has so far been unaffected by the eurozone debt crisis. so so we see and you also mentioned that russia construction industry is should be very attractive for foreign investors well of course if you can get away with twenty four percent of

the revenue is 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 own builds i think more than all russia russian companies build in their country are you afraid are russian russian companies afraid of competition from geologists search big. search terms because russian market is huge market huge market and to the best of my knowledge just. see the spear of all companies russian companies foreign companies and demand the russian market is saw big there be it's in a place for all players the russian government is setting you go will eventually there that demand is high so the goal is to double the amount of construction in

really the double in like about five years or is it is it is a feasible go can this can this really become reality hits it's absolutely really the because. we have got a market in the patent in foundation and we. measure the demand and we have got the figure is which shows us that. the. two hundred million meters very year is 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 will be talking to your colleagues to your american colleagues you know what you need what just financial investment cash or you'd rather prefer no

how and and they're like real real sort of exchange exchange of experience very simple answer or both because both from american american. side. 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 music knowledge is. very electric refused to see. pure etc it means we have got we have opportunity to make choice it means it means first of all for us direct investment what

preferences those investors will a developer get from a corporation with the housing development found for main blocks for main blocks the first of all. first of all. it's so called administrative 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 reserves what will the. phrase as ministers of resources it's very widely used in russia work well what does it mean administered resource makes you overcome corruption helps you say money you don't know about iraq think group think there are grants or what. resources from the federal level means that

regional. and local authorities will do the jobs according to their ribs free of charge. so saves you 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 must commit to sobriety and yes mr luzhkov the the number of red tape you have to cut the number of bureaucracy in construction be as much as low it is a true it's really so it's really soul but they have problems with the with the blood supply and in moscow. but they knew more school will get a but unity for them to construct new affordable housing so administers

a resource is one big thing that an investment 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 president should be back in no time so they wouldn't go . down the official ante up location. i pod touch from the shops to. watch on t.v. lights on the good. video on demand. minefield costs and r.s.s. feeds now in the palm of your. dot com.

a very warm welcome to you this is your news today protesters on the wall street center they have. leads into. to get the status of the human experiments because it's. your business right you support it busy trying to look like me and it's arcane things as financial tips. to maintain our confidence in markets and. wants to be easing trade imbalances recession look keeping missions close to collapsing it's like looking for close. to fail aaa banks again feel like think if the us crash. in the clutches of the i.m.f. that sportspeople just programs increase the total economy.

welcome back to spotlight an amalgam often just a reminder that my guest on the show today is alexander but i've been among the rector general of the russian housing development foundation age d f let's call it 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 corruption ok well it's actually greece is the process it's the second circuit the second one in for such a company and the company. recently i have read. it seems to

me in. in the russian newspaper rhythms to be the the concern and concern in western clement russia are between between costa rica. two main companies 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 got. agreements with the. branch of branch of powers especially especially agency which

is responsible for it just ration it means we are ready to support but eventually investor to ridges three their 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 very large yet. really 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 the administrative resource bill because the they sometimes

say that they encounter huge problems while dealing with authorities so so so i think we're. well we're helping farmers this is the main thing you do for them is a true yes. history of i care and i would like to see. the foreign investors it's certainly 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 the 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 apartment 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 not in the olympic apartment block in russia like i think ninety percent of the population live in apartment blocks why why so this is sort of a traditional what a traditional salute really additional unfortunately unfortunately population and russia have has had to leave in break and harris house. we have this special program to promote. russia. but in my view my personal view and i'm sure of the view of my colleagues we will promote this program just. on the positive symbols we have caught the this positive samples of where he was in when

he was talking you know when. in history it's causally with the mosque or etc we will show it 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 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 individual housing 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 the united states from cardboard and plastic because because of the winters i mean. the problem for american programs of construction of canadian construction and russia because the population of. russia doesn't look at this housing like. the first house and first house. it looks like that you. make that sure because of course the incentive is simply spent as it's leg that chair the problem . the same problem mentioned before the. problem of maturity well we have a pretty nice dutcher here you see. this is what like love like no other luxury dad

. talking about the actions the aged 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 your competition. idea house the this is this picture a low rise 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 team what what's very good time because i know in moscow some people some people drive

more than an hour to get to work here more modern into some even well no one is what you call good time good drug war for regions and russia in my view it's. thirty minutes in moscow it will be good will be realistic it will be good to know within one of your driving within one hundred feet of where if you take the subway train you should be asked are you ok do far architects take part in these competitions of yours unfortunately unfortunately. from former u.s.s.r. and so. countries what we expect the best i could. be getting access partly we discuss 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 trying mance is quite good to be quite stable. housing in moscow is more expensive than

a review by salute comparable to london but can the market can moscow housing market really really compete with london dubai. red. if we discuss the problem. the best bit of competition regarding regret in prices. absolutely comparable with with the with the with with the london end to buy a gun and unfortunately you know. to do it together with the more 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 there are

weak and. the problem will be so so so you are optimistic yeah ok well thank you thank you very much and i wish we should good luck on the upcoming court when. we get you coming it was a pleasure yes thank you martin just a reminder that my guest today was alexander but i'm going to my director general of the russian housing development foundation. put out from all of us here if you want to drive your sales or if you have someone like you think i should interview next time to drop me a lot. and let's keep spotlight interact. with more for that problem for what's going on in and outside russia and so when they are on our team i'm taking.

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arab league and the bloodshed and start talks directly with the opposition. but u.s. . washington copes funding to the u.n. cultural body. and historic membership to palestine. joins. ghost stories releasing surveillance footage starring chapman and other alleged russian spies. well why news twenty four seven this is our life from moscow all eyes are on syria and as the world awaits president assad's response to the arab league's demands to hold violence launch a dialogue with the opposition the president had earlier promised to talk to his opponents but only those with no links to foreign.