News

Budget shops and hotels fill gap in Moscow's property market

By and Christine Eade Christine Eade Christine EadeGlobal January 2009

Metro land: the Metropolis centre to the north of Moscow city centre has attracted lower-price fashion retailers such as H&M and River Island

Lower-price fashion outlets hope to cash in on an increase in thriftiness among Muscovites, as the global slowdown begins to affect Russia’s retail and hotel markets

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