Moscow Overtakes London With Europe's Highest Tower
Global City Listing
The Toronto Skyscraper Blog brings you news from overseas. And this time we have news from the far east of Europe as London relinquishes the title of the tallest skyscraper after just getting the title this summer with the London Shard Tower. Now Moscow comes in with it's massive skyscraper
Letting Agents
.... Read the Story direct from Moscow below:
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The tower, which is almost 29
meters higher than its British peer, cost more than $1 billion to build,
he said at a presentation of the project Thursday, adding that its
implementation encourages Mercury Development to set more ambitious goals.
Several skyscrapers have been built
in the city over the past few years, and there are more projects
in the pipeline, with the expansion of Moscow City being under
way.
Mercury Development CEO Vyacheslav
Basati said that the district has good prospects to develop as
a business center. He added that it is likely to concentrate more
activities over the next few years as a result of City Hall's ban
on high-rise construction in Moscow's historical center.
Earlier this year City Hall
prohibited the construction of buildings that are higher than 75
meters in the city center in an effort to preserve Moscow's
historical skyline. However, the regulations didn't affect the projects
that had been approved prior to the ban and ones under construction.
The interior design
of Mercury City, whose construction started in 2006, is to be
completed by the end of this year. The 75-story tower, covered
with gold-colored glass, was designed as a multi-functional complex whose
total space amounts to 173,960 square meters, including 87,600 square
meters of A-class offices and 22,360 square meters
of apartments.
Getting the highest skyscraper
in Europe is a significant milestone for Moscow, which marks its
development as a financial center and will attract more global
companies in the future, Basati said. He added that Moscow now has 87
buildings higher than 100 meters, which makes it "a city
of skyscrapers."
Source
New Trends in Condo Buying Emerging in the Toronto Area
A few new trends to watch out for in the Toronto area when it comes to buying homes as well as buying condos. When it comes to buying homes, the latest tactic is to put a property which had previously been listed on the MLS system, on a bidding site, or list through an auction house to get buyers, sending the price of single detached homes soaring.
As for condos the latest buying technique is the new trend with regards to micro housing, or micro condo living. And we’re seeing now, specifically designed condos to meet that purpose. Another new trend to look out for is the lack of supply in the purpose built rental housing market in Toronto. Even as new condos come online there remains a shortage of apartments built specific to that purpose, so condo rentals have increased even as vacancy climbs, rentals rates do as well.
Busy Condo Market Boosts Toronto Home Sales
With fewer homes in the detached category available in Toronto, new home buyers seem to be opting for new condos, with sales heading forward at a rocket pace last month. Sales of Existing Homes in the Toronto area moved up by a whopping 2.1% in February 2014, and that is compared to the same time period last year. That was mainly due to a 12.5% increase in the sales of condos within the city so stated by the Toronto Real Estate Board. That will contrasts with the sales declines that occurred in townhomes, detached and semi-detached housing during the month, which was mainly due to a constrained supply of those housing types.
New Trends in Condo Buying Emerging in the Toronto Area
A few new trends to watch out for in the Toronto area when it comes to buying homes as well as buying condos. When it comes to buying homes, the latest tactic is to put a property which had previously been listed on the MLS system, on a bidding site, or list through an auction house to get buyers, sending the price of single detached homes soaring.
As for condos the latest buying technique is the new trend with regards to micro housing, or micro condo living. And we’re seeing now, specifically designed condos to meet that purpose. Another new trend to look out for is the lack of supply in the purpose built rental housing market in Toronto. Even as new condos come online there remains a shortage of apartments built specific to that purpose, so condo rentals have increased even as vacancy climbs, rentals rates do as well.
Busy Condo Market Boosts Toronto Home Sales
With fewer homes in the detached category available in Toronto, new home buyers seem to be opting for new condos, with sales heading forward at a rocket pace last month. Sales of Existing Homes in the Toronto area moved up by a whopping 2.1% in February 2014, and that is compared to the same time period last year. That was mainly due to a 12.5% increase in the sales of condos within the city so stated by the Toronto Real Estate Board. That will contrasts with the sales declines that occurred in townhomes, detached and semi-detached housing during the month, which was mainly due to a constrained supply of those housing types.
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