Russian residential property developer PIK Group said housing completions in 2007 were up 23.9% on the year earlier, with regional completions surging ahead 131.8% in the year. The company said fundamentals of the Russian residential real estate market remain sound, and it expects good growth over the coming year.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
