The Russian real estate market can feel the impact of the ruble depreciation only under the condition that this trend will continue for at least six months, whereas it is not worthwhile to expect an instantaneous market reaction, experts say polled by RIA Real Estate. The ruble exchange rate on Tuesday is falling against the dollar and the euro amid the announcement by the Bank of Russia about the resumption of purchases of foreign currency on the domestic market in the interests of the Ministry of Finance. According to the Russian financial regulator, the volume of such operations with settlements on August 20 was 17.5 billion rubles. The dollar rises on Tuesday to 67.3 rubles, the euro - to 77.5 rubles. The number of Russians who buy real estate in other countries will not change much due to the weakening of the Russian currency, argues Artem Nevollo, director of the office real estate department at ILM. He explains this by the fact that, as a rule, capital among people capable of such transactions is already in currency equivalent. Read more: https://realty.ria.ru/realtynews/20180821/1526932553.html

American Hines offered for sale a warehouse complex with a total area of ​​about 70,000 square meters in the Moscow region Lobnya, according to Vedomosti. The main reason for disposing of an asset is the completion of the investment period at the background. The warehouse was purchased in 2011 from AIG European Real Estate Partners for approximately $ 80 million. According to the director of the department of warehouse and industrial real estate at ILM Russia, Alexander Perfilyev, the market value of the complex does not exceed 2-2.5 billion rubles, since it was built about 15 years ago. Read more: http://logirus.ru/news/warehouses/fm_logistic_mozhet_vykupit_sklad-_s_kotorym_ee_stolko_svyazyvaet.html

Over the past two years, there has been a shortage of new facilities in the office real estate market. This is due to the fact that, since 2011, many projects were frozen at the stage of receiving the GFZU, their construction was impractical due to high vacancy. The pace of new construction continues to be influenced by the post-crisis situation. According to the results of two quarters of 2018, only 56 thousand sq.m. were commissioned, comparable with last year. There is still a high probability of postponement of the delivery of already declared objects for 2018-2019, to later periods. However, a number of large developers announce about the start of new or resumption of construction of current projects. It should be taken into consideration that the implementation cycle of the object is about 3 years. Therefore, the pace of the introduction of new proposals in the next two years will remain low. The demand for additional office space continues to grow. According to the results of the first half of the year, the total net absorption volume, showing the change in office space occupied by tenants, is 18% higher than the figure for the same period in 2017. The Q2 of 2018 retained high net absorption volumes. However, compared with the previous quarter, the rate of absorption in the past three months decreased by 19% and amounted to 163 thousand sq.m. “If we analyze the supply and demand in the office real estate market, then the greatest activity is seen in class B, where rates vary in the range of 12,000-25,000 rubles for the sq. m per year, including VAT and operating expenses. Tenants still prefer low-cost and efficient offices and literally count every useful meter. Migration to quality occurs only when the current budget of the tenant can afford a higher class of building”   believes ILM managing partner Andrei Lukashev. Source: http://www.rusexporter.ru/material-partners/detail/7220/