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29 September
MEDIA TOUR: DEVELOPMENT OF RESORT REAL ESTATE
TODAY AT THE PRESS CONFERENCE "DEVELOPMENT OF RESORT REAL ESTATE: HEALTHY COMPETITION AND IMPROVEMENT OF THE REGION'S IMAGE," WHICH WAS ORGANIZED BY URBAN AWARDS, WE PRESENTED OUR NEW CUSTOM SOLUTION: VITALITY INDEX (VI).
This is an indicator of the quality of the climate and environmental conditions and the life potential of a specific location in Russia.
The new assessment methodology will become part of a more comprehensive product, which will be offered for testing and further use to property developers and consulting firms.
""If a location that is well-developed from a social and economic point of view has a high Vitality Index, there is more demand for it from investors and property developers. It is well illustrated by Sochi, which is characterized by unique features of a resort comprised of several tourism clusters. If a territory with excellent climatic and environmental conditions does not stand out for its economic growth at the moment, it doesn't mean that it's not worth your attention; rather the opposite. Investments in land assets in such regions are likely to bring profit in the long term,"" said Elena Kabesheva, Chief Commercial Officer of real estate development company FIVE.
