«Real Estate Krasnodar» blog has a couple of new good articles on real estate in Sochi.
Visit it to read professional analysis and forecast of real estate market in Sochi, and find out new-built property prices.

• Average prices for residential premises under construction in districts of Sochi
• SOCHI Real Estate Market Development Forecasts

I’ve made my first website on professional hosting four years ago, and since then I went through four web hosting companies. And after awesome service I’ve received today on Skynet Hosting I wanted to voice a few thoughts on choosing web hosting based on my personal experience. Read the rest of this entry »

Russian Thai Boxing Federation has applied to host 2008 European Thai Boxing Championship in Sochi, Russia. Sochi has strong Martial Arts traditions, for example we have one of Russia’s best Muai Thai clubs – «Atlan». Several of Atlan students have become Russian and European champions in Thai- and kickboxing. Also, Sochi often (every year?) hosts finals of the Russian «Pankration» (aka “Russian Absolute” – Russian version of UFC) Championship.

According to preliminary calculations, the sledge and bobsled course to be constructed for Olympic Gmes in Sochi will be longest and fastest in the World. This will be thwe second bobsled course in Russia, the construction of the first one will be completed some time next year near Moscow. Head coach of the Russian bobsled team said that Moscow course will most likely be used mostly for training and testing on new bobsleds, while Sochi’s course will most likely become course for competitions.

Russian Olympic Committee is planning to sign a contract with OC of Vancouver – the host of the Winter Olympics 2010 – to allow Russian organizers to observe the process of Olympics preparations in Canada. They will also study preparation experiences of other host cities from previous Olympic Games.

• “Base Element”, the new owner of Sochi airport, is arguing with “Russian Railways” on weather to build a light railway from the Airport to the city’s center and future Olympic venues, or to build full railway extention from the Adler rail station to the Airport. Time frames and money are the questions at hand.
• “Systema Gals” development company plans to build 100 000 sq. meters resort complex by year 2010, with will include five-star hotel and apartments, and 100 meters tall tower. I hope people don’t go building little Manhattan in Sochi, as Sochi is in seismic zone.
• “Moscow Capital” bank will invest $150 mln in building “Solnechnaya Polyana” (Sunny Valley) alpine skiing resort in Krasnaya Polyana – where Olympic skiing and sliding venues will be located. The construction will start in 2008, and is to be completed by year 2013.
• Land prices in Sochi exceeded Moscow prices. One “sotka” (100 sq meters) by the sea now costs $150 000.

Ok, there’s no official contest for Olympics 2014. Not yet anyways. However Sochi-2014 organizational team promised in the recent interview that the Mascot will be selected through public contest. So, people didn’t wait long to overwhelm them with ideas :) It seems most people want to see a bear as a mascot for Sochi Olympics. All kind of “bear” ideas were sent organizational team’s way, from reusing “Mishka” of 1980 Summer Olympics in Moscow (everyone in Russia adores him! :)) to other “Mishkas” from cartoons and famous paintings. Other, more exotic, ideas include ski-jumping dolphin, a seagull (the last name of the Prosecutor General of the Russian Federation, Chaika, means “seagull” in Russian; he was just selected to keep an eye on Olympic money spending), and five (for Olympic rings) gas pipelines with flames :o) But it is very likely that Cheburashka, current Russian Olympic Team mascot, will become Sochi Games mascot. Besides, (american) people confuse it with a bear all the time anyways, I have one in my office : )

Mascot of the 1980 Olympic Games in Moscow

I personally think, that most likely the mascot will be created by the professionals (please, God, make them NOT select the same ones that did London’s logo!), and they just want to see what people want, and to keep up the excitement.

So, do you have an idea for Sochi Olympics mascot? If you do, you can send it to the head of Sochi-2014 team Dmitry Chernyshenko to chernyshenko@mtu-net.pp.ru

Chebu in my office :)

You probably have noticed I’ve added a couple more banners to the site. These are affiliate programs I’m trying out to see if they can make me rich :) So far they’ve been proven useless, but I’ll give it a few weeks try. Another way people make money on things like this (like new Olympics host city becomes known) is cybersquatting. I’ll admit, I bought a few domain names with Sochi in it, but don’t really like any of ‘em and don’t know what to do with them yet. I’ve never done anything like this before. Most likely I’ll release many of them next year.

Anyways, the reason I started talking about this is there are two domains are being sold on molotok.ru auction site: Sochi.pro, with minimum bid of €2500 (and there’s one person bidding already), and Sochi.info, with minimum bid of …  €3 000 000. It’s very unlikely he’ll be able to sell it for anywhere close to this price, though.

Radisson SAS “Lazurnaya” had accepted its first reservation for the Olympics dates. The person who made the reservation is Mikhail Seslavinsky, head of the Russian Federal Press and Mass Communications Agency. As he says, he made the reservation as a private citizen, after talking to his wife and two kids.

Notes:
Land sizes: 1 sotka = 100 sq meters
Apartments: typical “one room” apartment has a single room, separate kitchen, lavatory+bathroom, sometimes balcony.

Nobody had any doubts that real estate prices would jump high if Sochi was to be selected to host the Olympics. You have expected it in your comments, so here are some numbers.

Land prices in Krasnaya Polyana, where skiing and sliding events will take place, rose from $45-$70 000 to $70-$100 000 overnight. Same thing happened in Imeritinskaya Valley by the sea – home to all other Olympic events. One room apartment in “Blinovo” micro-district (neighborhood), which is located less then five minutes away from Imeritinskaya valley, now costs $180 000, a $50 000 jump in two days. And let me tell ya, these and not brand new modern buildings we’re talking about, all these were built back in the good old Soviet times. And even though the future of the area looks bright, right now this is city’s outskirts, and it is rather underdeveloped.

Also, many people who were trying to sell their real estate are pulling it from the market to see how the prices will change. Some real estate agencies predict that there will be tougher laws for the construction companies now, which will rase prices for newly build apartments 100% or more.

News stories that caught my eye; some are new, some are updated:

• Over $622 million are allocated for Sochi program for the rest of this year from federal budget. Next year this sum will be $1.2 bln, and in 2009-2014 around $1 bln every year. Additional funds will be allocated in Krasnodar Regon’s and Sochi’s budgets, and more money will come from private investments.
• Business delegation from Belgium and Luxemburg will visit Sochi in May 2008 to learn about the opportunities in preparation for the Olympics. They are interested in construction, construction materials and hi-tech infrastructure projects.
• Second hydroelectric power station in Krasnaya Polyana will be completed by 2010 and will comply with all environmental requirements, including requirements of the Kyoto Protocol. Moreover, three billion dollars – a quarter of the promised 12 billion dollars investments, will be spent on upgrading Sochi’s energy sector. And this is a good thing, if you’ll remember this year’s (and every year’s) power outages in Sochi. All planned energy related projects are promised to be completed by year 2012.
• Around $117 million will be spent on four telecommunications projects in Sochi.
• Over 50 000 police officers will be ensuring safety in Sochi during the Olympics — that’s three and a half times fewer than during Summer Olympics in Moscow in 1980. Large role will be given to the hi-tech tools, such as state of the art video surveillance systems and new systems setup around the city with direct lines to the police.
• Three backup airports will be built for the Olympics in Russia’s South: in Gelendzhyk (another Back Sea resort north of Sochi), Mineralnye Vody (“Mineral Waters”, a … mineral waters resort :)), and Krasnodar (region’s capital). Sochi’s airport will be upgraded to accept any size aircraft in almost any weather conditions.

Backup airports for 2014 Winter Olympics

Wow! As you can imagine the news media of all sorts as well as regular people in blogs and forums are talking about our Olympic bid’s success. The win’s Pros and Cons arguments seem even more heated than before the vote: new infrastructure vs environmental worries, higher salaries vs high inflation, pride and recognition vs prospects of weaker foreign policy, ability vs inability to complete construction on time, international spotlight vs corruption – you name it, its been talked about. Whose shares went up? What will happen to people who live in and around the areas of constructions? What will happen to the “Olympic” money? Will the Olympics be profitable? Will it become’s Putin’s project for the upcoming years (after he leaves office next year after second term as President)? Both optimists and pessimists know all the answers, and they are completely opposite :) The truth, as always, lays somewhere in between. But everybody agrees – making this Olympics a success is a big exam for Russia.

I’ll try to avoid covering the arguments about all this questions as right now all of it is just speculations and personal views, and will stick to the facts.

So, how did Russia react to Sochi’s win? Mostly with shock and cheer! A lot of people, even the one’s who really wanted the win, did not believe in it. I’ve read that Russian betting offices lost over 10 million rubles (~$390 000). Betting is not that popular in Russia, but the point is they burned on this. A lot of people feel pride (so do I :)), and most are lost in guesses on how and how much this will change Russia’s South, and people’s lives.

July 5th (because of the time difference, it was 5th in Sochi when results were announced in Guatemala) will very likely become an official holiday in Sochi, this idea is already being proposed by Sochi’s mayor, Viktor Kolodyazhny. Russian businesses celebrated this victory with enthusiasm and introducing “olympic” sales. For example Russia’s biggest online store ozon.ru introduced 20% off almost all items for purchases on July 5th ans 6th, several travel agencies introduced lower rates to Sochi for those who’ll order next 10 days, “Ural airlines” introduced special “Olympic” rate for people going to Sochi for it’s development — from construction workers and engineers to sportsmen and their trainers, etc.

Anyways, I’ll keep an eye on the developments and keep you posted ;)

Sochi’s mayor, Viktor Kolodyazhny, has officially declared July 5th a day off!

As a reminder, the July 4th was also official day of work in Sochi. Enjoy while it lasts, Sochi, ‘cause considering amount of work that needs to be done to get ready for the Olympics, this maybe the last day off you’ll have in years! : )

July 4th: Sochi residents awating for the election time, several concerts and other events around the city juced up the anticipation.
Photo (C) yuga.ru

President of the IOC announces official Host City of the XXII Winter Olympic Games — it is Sochi!
Photo (C) AP

Ohhhh yeeeeaaaaahh!!!! :o)

The Salzburg has been eliminated and the second voting round is complete. The winner will be announced in less then an hour. Which one is it — Sochi or PyeongChang?!