Moscow is a heavily populated Western inland city in the Central Federal District of European Russia. It rests on the banks of the Moskva River and is primarily flat as it is on the East European Plain. Moscow experiences long cold winters often hitting temperatures of 14 degrees Fahrenheit and warm summers of up to 86 degrees Fahrenheit.

Moscow started originally with the Moscow Kremlin in the 14th Century and grew outwards. It was used as the capital of the Grand Duchy of Moscow in 1340 then in 1713 was renamed as the “Tsardom of Russia” by Peter I. In 1918 Moscow became the capital of the Russian Soviet Federative Socialist Republic until 1922 when it became the capital of the Soviet Union. Then in 1991 it was turned into the capital of the Russian Federation.

Demographics

In Moscow, the majority of the population is, of course, Russian at around 91%, the remaining population includes Ukrainians, Tatars, Armenians, Azerbaijanis, Jews, Belarusians and Georgians. There are further nationalities including more Eastern European and some Asians inhabiting Moscow but any other nationality represents less than 0.3% of the population.

The official language of Moscow is Russian, a majority of bilinguals in Moscow do have English as their secondary language and it is spoken more in Moscow than in any other Russian city.

When it comes to religion 75% of Russia is Orthodox Christian, meanwhile, Islam is practiced by 5%, Catholicism, Protestantism, Judaism and Buddhism are professed by 1% of the population each. The remaining 9% belongs to an 8% atheist, 1% other denominations.

Housing Costs

  • Cost per square foot to buy in Moscow city center: US $461.31
  • Cost per square foot to buy outside city center: US $222.35
  • Monthly rent 1 bedroom in Moscow city center: US $912.09
  • Monthly rent 1 bedroom outside city center: US $537.09

Quality of Living Index

According to the Mercer Quality of Living index, Moscow ranked 167th  in the world for best cities to live in.

Corruption Index

Russia is ranked 135th by the Transparency International Corruption Perception Index. The higher the rank, the less corrupt the country.

Cost Of Living

  • Cost of living per month for single person without rent: US $601.11
  • Cost of living per month for four-person family without rent: US $2,120.61
  • Monthly minimum wage is $166.47

Top 5 Things to Do

  1. The State Tretyakov Gallery
  2. Victory Museum
  3. Moscow Operetta State Academic Theatre
  4. Moskvarium Aquarium
  5. Aptekarskiy Ogorod Botanical Gardens

Top Neighborhoods

  • Khamovniki
  • Arbat
  • Basmanny

Education

The education system in Moscow follows national guidelines with four stages of compulsory general education: primary which lasts 4 years, basic general education which lasts 5 years and secondary education which lasts 2-3 years. Each school designs its own curriculum but it is based on the national standard. There are schools that can be specialized toward one field of study but a majority of schools in Russia focus on intellect, general education, morality and physical education. To complete the mandated years of schooling should take 11 years, starting at age 6 and ending at age 17, after which students can continue on to universities.

Healthcare

The Russian healthcare system is disorganized and underfunded causing many issues according to Expatica, though Moscow is considered to be in better standing than the rest of the country. Russia has a lower life expectancy and much of the training doctors receive is outdated. Though Russian citizens are able to receive free healthcare it is not always the best, and it is advised to seek private healthcare. Noncitizens are required to obtain Voluntary Health Insurance. There are three types of facilities state, private and western-oriented private, the best services are rendered by private facilities. If you become a Russian citizen you are required to Obligatory Medical Insurance which is sorted out through the employer.

Natural Resources

Russia encompasses such a large area that it is in fact 20% of the world’s natural resources reserves according to Advantour. With resources such as gas, oil, uranium, timber, coal and a vast array of both metal and nonmetal ores Russia has a strong advantage over other countries. Not to mention its large amount of natural building materials such as clay, sand, limestone, marble and granite.

Crime Rates

According to Numbeo, Moscow has a crime index of 44.17 and a safety index of 55.83 meaning it has a moderate crime rate. The property crime rate is 50.06. Unlike American people, Russians only smile toward friends and family, though they may appear unfriendly when they do not smile it is simply because they are dealing with a stranger. They find the American concept of smiling often to be absurd.

Major Industries

According to Encyclopedia.com, Moscow’s major industries are metalworking, oil refining, publishing, brewing, filmmaking, machine building, precision instruments, building materials, auto, aircraft, chemicals, wood and paper products, textiles, clothing, and soft drinks. Moscow’s GDP stands at $520.1 billion. The GNI per capita for Russia is $9,720.

Real Estate Investment

Investing in Moscow real estate can only be deemed feasible by the fact that apartment prices are dropping in older areas due to the demand for newer updated apartments. The lowered prices make purchasing at a low point an option in the expectation that the market will pick up. However, there are many issues with investing in properties in Russia, such as the fact that nonresidents have a taxed rental income of 20% as well as any capital gains coming from the selling of a property by a nonresident. There is also the issue of attempting to rent out properties when Russia is considered a pro-tenant rental market according to Global Property Guide, a tenant can only be evicted after 6 months of not paying rent, and has a year to amend the issue. Rent is also renegotiable after a year. Russia’s unemployment falling into record lows and the recovery of its economy is something to take into consideration despite the lack of ease at which property may be obtained and profited from by foreign investors.

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Moscow After the World Cup: A Chance to Recoup Q1 Losses?

When the World Cup draws to a close today, the world’s eyes will be on Moscow as France and Croatia battle it out for the win. After the match is over, however, another race to the top will continue. Moscow and Russia in general will have a short window following the games to capitalize on international attention and draw foreign investors to Russian real estate. Following a stagnant first quarter and a long recovery from their housing crash, this could be the chance the Russian real estate has been needing.

The World Cup is Here: What to Expect of Russian Real Estate (Part I)

This is what we have all been waiting for: The World Cup is finally here! Beyond the fanaticism and excitement, however, there are plenty of politics, and economics, behind the World Cup 2018 in Russia. 

Countries vie for the World Cup because they all believe it will be an opportunity to boost their economies. However, this is not always the case. Much like the Olympics, the World Cup can cause a country to overproduce new infrastructure. After the event, the leftover real estate could become a burden, unless the country has the political and economic framework to maximize these investments. 

International Real Estate . News 2018 FIFA World Cup in Russia - Does It Impact the Real Estate of the Country?

2018 FIFA World Cup in Russia – Does It Impact the Real Estate of the Country?

International sporting events are usually an economic boon to the host municipality. People rent accommodations and transportation, purchase concessions and souvenirs. They interact with the daily economy in a generally positive way. These short term economic boosts can move into longer-term trends in real estate. Only if the country has the proper political and financial infrastructure to support such a move.