Increasing the base rate of value added tax (VAT) from 18% to 20% will lead to a slight increase in the cost of all processes, both during the construction phase and during the operation of the building, experts say. ILM managing partner Andrei Lukashev notes that the developer’s profitability will decrease by about the same 2%. "It can be mathematically calculated," he says. At the same time, this will not affect the final cost for the buyer, the expert assures, explaining that the developers compensate for the losses by reducing the size of the discount. “We talked with several developers, none of them is going to increase the cost,” Lukashev specifies. Read more: https://realty.ria.ru/news_cre/20180614/1522735563.html

Perhaps, lately, this is the most frequently asked question for our company consultants. Everyone is worried about the instability of the Russian economy and its dependence on the political situation, which has an impact on all spheres of life. Does the increase in the exchange rate affect the rental rate? Of course. Another question is how important it is. Today, the Moscow office real estate market is in short supply of high-quality “A” and “B +” class office premises, which have been in great demand in the last couple of years. This trend leads to an increase in rental rates in such premises. According to analysts, the rental rate in high-quality premises by the end of 2019 - early 2020 will increase by 15-20%. This trend leads to a return to the “owner’s market”. It is necessary to allocate a separate category of premium objects of class "A", owned by large, often foreign owners, they still have foreign currency rental rates. Of course, such objects are subject to the influence of foreign exchange rates. But for the peace of both parties, lease agreements with these business centers imply fixing the exchange rate, usually with a currency corridor method (fixed minimum threshold of currency value and maximum) with a validity period for the entire contract period, which gives a guarantee to the tenant that is more than a certain amount he will not spend on rent. An important impact on the rental rate has a law. A couple of years ago, property taxes began to be charged not on the basis of the book value of the property, but on its cadastral price. This led to an increase in the tax burden in low-quality premises located in sought-after locations. The increased financial burden of the owner has led to an increase in the rental price in these premises. Let's sum up. At the moment, the change in the exchange rate that shook Russia a couple of weeks ago had no effect on the office real estate market, in which the rental rate is fixed in ruble terms. However, the cost of renting in quality premises of class “A” becomes higher due to the lack of vacancies in them. Tenants should hurry to find a new office, as high-quality areas leave the market every day, and new construction is expected to be at a record low in the last 4 years.

The topic of fire safety was again widely discussed among experts, owners of shopping centers and architects after the tragedy in Kemerovo, which according to the latest data, killed 64 people. The partner of Strelka Design Bureau, a well-known urbanist Grigory Revzin, has pointed out the dilemma between marketing techniques and compliance with safety standards in shopping centers. He lamented the fact that, from the point of view of trade, it is important that exits from the shopping center were not visible - everything is designed to slow down the movement and increase the stay of potential buyers in the building. In addition, according to Revzin, three different security protocols collide with each other. "Fire requires a maximum evacuation speed and maximum number of exits. But the antiterrorist security protocol requires difficulty to enter and check every incoming one. And the anti-theft protocol requires difficulty to exit, slow down the exit and the ability to check. Hence, from the point of view of the safety of people and goods, exits simply can not close. They are closed everywhere, "- says the post urban. However, all the rules of both fire and antiterrorist security are strictly regulated by law and thought out. Therefore, the idea of ​​restricting access to the premises by itself does not go against the requirement not to block emergency exits, says Konstantin Baranov, director of the department of Property management at ILM. The problem in this case most often occurs at the stage of execution of this rule. “It’s easier to close the door with a key than to install a couple of guards who will prevent unauthorized people from entering the building,” the expert states. Read more RIA News: https://realty.ria.ru/analysis_trends/20180329/1517522006.html