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Old 27th June 2006, 12:06 PM
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So Why are Japanese Real Estate domains woth so much more than Russian?

http://news.bbc.co.uk/2/hi/business/5117480.stm
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Old 27th June 2006, 12:16 PM
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Re: So Why are Japanese Real Estate domains woth so much more than Russian?

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Originally Posted by Rubber Duck
Although the news article mentions Russia's booming economy, I think the real estate point is aimed squarely at Moscow, and I seriously doubt whether it affects other smaller Moscow cities.

Didn't someone say here once that most of Russia's money/income comes from Moscow?

this is probably where Japan differs, as they are likely to have real estate booms across the country rather than an isolated concentration in just the very large metropolitan areas.
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Old 27th June 2006, 12:30 PM
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Re: So Why are Japanese Real Estate domains woth so much more than Russian?

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Originally Posted by Alphamale
Although the news article mentions Russia's booming economy, I think the real estate point is aimed squarely at Moscow, and I seriously doubt whether it affects other smaller Moscow cities.

Didn't someone say here once that most of Russia's money/income comes from Moscow?

this is probably where Japan differs, as they are likely to have real estate booms across the country rather than an isolated concentration in just the very large metropolitan areas.
I agree that there will be huge disparities just as there will in the US, but Moscow will not be unique. St Petersburg and other large centres will be similarly affected.
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Old 27th June 2006, 12:44 PM
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Re: So Why are Japanese Real Estate domains woth so much more than Russian?

The real estate boom in Russia is actually picking up speed. True, the prices in Moscow are the highest, but let's face it, real estate is a local business. So, there are always buyers and sellers.
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Old 27th June 2006, 06:40 PM
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Re: So Why are Japanese Real Estate domains woth so much more than Russian?

So Why are Japanese Real Estate domains woth so much more than Russian?

Because Japan was able to spead the wealth, and Russia is stuck with a few big cheezes at the top who got all the action.

And most of them live in Moscow.
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