Another Perspective: Chechnya Real Estate Booming
Here is another perspective on real estate and how it is always local. Chechnya has been in the news over the past decade as terror attacks and civil war have plagued the country. We see and hear about the horror on the news but forget that their are still people there.
Now that the worst of the hostilities are over, housing is picking up, investments are coming in, and experts are worried that the market is overheated.
It took several years for Russia’s Interior Ministry and the Chechen police to stop the violence and to provide security. When the war came to an end, the priorities changed. Now billions of rubles are being spent on reconstruction.
If just a few years ago the streets of Grozny looked like a war zone, considerable changes are now visible everywhere. There are dozens of new shops, restaurants and renovated apartment buildings. From the very centre of the city to the outskirts, Grozny looks like an average Russian town.
Small businesses and large retail outlets are returning to the republic, and construction companies offer anything – from simple flats to luxury housing. For example, some apartments in central Grozny cost up to $ US 170, 000. RussiaToday
My mom told me to put the statue in the ground, just seems wrong to me but I did it. ...
What about RE/MAX Commercial? Where this classification came from?
I am pretty sure RE/MAX Commercial in volume sales must be above ...
Well Tom, once again you have said it much better than I could have. Unfortunately the folks at Move, ...
It certainly does not bode well for a fast recovery in the economic climate. This will affect all real estate ...
I HAVE 25 YEARS EXPERIENCE IN TELECOMMUNICATIONS..HOW DO I APPLY AT KAI. 
Definitely not a fan of Move Inc.!!! 
A lot of you really need to go back to kindergarten and learn to spell correctly. If you cannot spell ...
In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did ...
I also need HELP and don't know what to do about my problem. I have a garden apartment off ...
I have the same situation. I sold my home in July and am scheduled to to close in a few ...
Comment by Kell on 15 July 2009:
yeah but who wants to live in a war zone?