has launched a series of attacks on the region leaving at least eleven palestinians dead just a day after palestine gained its first seat at a u.n. agency in what is seen as a show of support for its bid for statehood. up next on our teaser interview show spotlight we talked to the director general of the russian housing development foundation now going off asks alexander braverman if government targets to double residential development are achievable plans or a pre-election ploy to butter up the population. bringing you the latest in science. covered.

hello again or welcome to. our team. 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. 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 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 underdeveloped. 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 at that what do you expect what are the u.s. partners that you wish to meet. first before we. discussion. to walk in russia. to walk in construction area to russia especially in area of affordable housing. has made similar. we expect in certain steps to

attract direct investment from from different kind of invest 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 and spencer in the world so you wanted to make do you wanted to be affordable by today's standards or bought by worlds to. mean i mean russian standards the standards. was created by this special special decree or ministry or were regional development. it describes describes square met your. location and materials etc oh a little talk about 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 construction business is very attractive it is what it is for for for for for for investors. i would like to give you. some pictures. from different regions of russia. are between twenty four till

thirty five percent compared with the revenue yet growth yeah twenty four yeah absolutely absolutely. and our main goal. to do this business together with foreign investors singleton is to with the minimum risk for them i mean edmonson you have 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 hit 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 in cars on but 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's of the big players in the international markets prime minister putin promised predictability of the russian economy which he believes is enjoying by post-crisis revival to ship the whatsis two thousand and nine to the third quarter of two thousand and eleven direct foreign investment in russia has exceeded one hundred billion us dollars and the first nine months of this year has seen a twenty percent growth in direct investment was used as for the russian construction sector it has been showing growth. this year as well the country's

economy squirrely 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 euro zone debt crisis. so so we see and you also mentioned that russian construction industry is should be very attractive for for investors well of course if you can get away with twenty four percent in revenue is it before tax or after tax. 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 for such a. big. search because russian market is huge market huge market and to the best of my knowledge as.

i see the spirit for all companies russian companies foreign companies and demand the russian market is so big that the it's not a place for all players the russian government is sitting you go. where 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 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 financial investment cash were you rather prefer know how and and they're like real real thought of exchange exchange of experience very simple answer or both because both from american american. side where i expect and where expect 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 electrical efficiency. 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 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 is the problem of corruption in russia of

course. the plots of land of that option 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 i don't know but i rather think grafting the grounds on what. resources from the federal level means that regional. and local authorities will do the jobs according to their ribs free of charge. so it saves you money at least at least plots of land for fun some people told me some people in your business told me that after the new mayor came to muska

mr mr luzhkov the the number of red tape you have to cut the number of bureaucracy in construction to be as low is it true it's really so it's really sold but they have problems with the with the plots of land in moscow. but the new 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 a 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 back in no time so they wouldn't know how.

much it was that so much time to give each musician. to mark with his teacher so there's the rest of the arab world to meet your success we hold the first election of the arab spring with an islamic party. mission. could you take three. part three. major months three three. three. young old free broadcast video for your media projects a free video done to our teeth dot com.

the mission would be so much brighter if you mean the moon and sun from feinstein the pressure. starts on t.v. dot com. welcome back to spotlight an amalgam often just to remind you that my guest on the show today is alexander a private among the rector general of the russian housing development foundation h.d. after let's call it shortly well we started talking about the the preferences that that developers get by dealing with the have you mentioned one administrative resource which helps you save money on a corruption ok well that it's actually green says that process the sec the second

one in for such a company and the company. recently i have read. it seems to me in the most year in russian newspaper rhythms to be that the concern and concern and investment clement russia are between between costa rica where there are two main company and infrastructure. and permission for construction. our support. 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 registration it means we are ready to support potential investor to register a their rights for the building. 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 yes. yeah absolutely. 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 administers of resource because they they sometimes say that they encounter huge problems while dealing with authorities so so so i think we're. well 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. it's certain as a series to help them to solve problems they will not have problems. during the process of cooperation and respond. because of we have good the agreements with all the three. regions of russian federation. twenty 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 him break and harris house. we have this special program to promote a low rise 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 got the this positive symbols. in where he was talking you know when. in history it's closely with the mosque or etc we will show it. people to people but will you make individual housing affordable they really did that this is that it should be cheaper that gets 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 per minute but as women but the age of those the problem are issues also that we cannot afford building houses like in united states from cardboard and plastic because of the winters i mean. the problem for american programs of construction of canadian 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 of because it's said lease panels it's like that chair there's a problem. the same problem mentioned before the. problem of

maturity well we have a pretty nice dutcher here you see. this is what like well like no other luxury that. talking about the actions the age the fear from this far as i know how do you competitions how 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 she will in your competition idea house the this is this picture a low rise with. lol there will all four of energy. very ecological. and with a good view and. with the opportunity to reach the place of

jobs. within the. very very good team. very good time because i know in moscow some people some people drive more than an hour to get to work here more modern inter motorists some even more than one is what do you call good time good time so our drug war for four regions in 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 tradition you 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 so-called socialist countries but we expect that the best i could. be kept in texas

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 power of people is much lower than they don't even really understood repression. or mark or a economics problem not a problem of affordable or. business because of the micro 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 east. 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 dubai. red. if we discuss the problem. of competition regarding regret in prices. absolutely comparable with with the with the with the with the london and dubai regatta and unfortunately. no. main. to do it together with the more school local authorities. with said he said ben in the new major we are working together absolutely together and we met.

one one one one time and very weak and. the problem will be solved so you are optimistic yeah ok well thank you thank you very much we should good luck on the upcoming course when. we get you coming it was a pleasure yes thank you martin just a reminder that my guest today was alexander the private i'm a director general of the russian housing development foundation and that's put up 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 to drop the powder in our path. and let's keep spotlight interact movie back with more for the type of problem fun of what's going on in and outside. our team and taking.

heat.

ahead of the g. twenty summit in cannes the thousands take to the streets in the french riviera to express their anger at the state of the world economy and occupy movement activists

from around the globe are taking part in the protest amid a heavy police presence the current state of the eurozone is likely to take center stage at the meeting of the world's twenty largest economies. the un says it's uncovered a previously unknown that nuclear program in syria according to the i.a.e.a. documents were found the leaking linking the project to the so-called father of the pakistan's nuclear bomb the discovery comes as damascus claims it has reached an agreement with the arab league to end the deadly crackdown on anti-government protesters if. israel reportedly approves military action including the use of ground forces against gaza after a wave of rocket attacks over the last week meanwhile the israeli air force has launched a series of attacks on the region not leaving at least eleven tell us to me instead this comes just a day after palestine gained its first seat at a un agency what's the scene as a show of support for its bid for statehood. and with tunisian voting.