A lack of construction activity caused by economic uncertainty has seen supply levels ease in Moscow and in a growing number of markets across the globe.

For the fastest-growing markets, demand also improved. A rental uplift of 41% in Moscow made it the second fastest-growing city in the world – in terms of prime office rents – behind Beijing which saw a 75% jump. It also resulted in the city taking fourth position in the top 10 most expensive office locations in the world ranking, up from seventh position last year.

Mark Pollitt, Head of Moscow Office Agency at Cushman & Wakefield, said, “The outlook for 2012 remains positive, following a strong close to a number of deals in Q4 2011. Demand is driven from Russian businesses, especially from the IT and Telecoms sectors, making strategic expansion and consolidation decisions. Demand for the most expensive prime buildings could be more subdued this year with a possible delay in decision-making for international companies.”

The capital of Turkey which used to be ranked at the 28^th place of the list, due to exchange rate fell by 30 points this year to the 58^th place, states the report.

Due to the recession on the euro zone, Switzerland has gained the power with its currency. That is why the first place of the most expensive cities belongs to Zurich this year. The last one is taken by Karachi, Pakistan.

The report is published every year based on the comparison of the prices of 160 products and services of 140 countries. According to the report, the world’s most expensive Top 10 cities is as follows:  Zurich, Tokyo, Geneva, Osaka, Oslo, Paris, Sydney, Melbourne, Singapore and Frankfurt.

The top 10 of the cheapest cites in the world includes: Mumbai, Tehran, New Delhi, Jeddah, Panama City, Kathmandu, Algeria, Dhaka and Muscat.

The  FD Index provides a unique look at the present and future prospects for international investment flows and  refers to the net inflows of investment to acquire a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor.

The index on Italian Real Estate market, after slightly increasing at the end of 2011, has gone back to its old negative trend in January, falling to 55.7 points from 56.1 points in December 2011. Also the discount to NAV equals the levels in November, stopping at 44% on average. Finally the overall transaction volumes has risen from 346 in December to 461 in January.

In respect to geographical areas, the average prices in city centres equal Euro 3,397 per sqm in Northern Italy, Euro 3,205 per sqm in Central Italy and Euro 2,351 per sqm in Southern Italy and islands.

The heat of the aggressive growth weakened by 2.8 percent in the third quarter compared to the previous quarter, the report said. According to the association, one of the main reasons for the slowdown in growth of the sector stemmed from the construction sector’s need for depleting the housing stock before starting up newly contracted projects in 2012.

Total public investment rose by 9.7 percent in the third quarter compared to the previous one, said the report. Private investments in the sector also jumped by 11.6 percent. According to the report, the number of houses sold in the third quarter slowed down by 5.18 percent compared to the second quarter. However, this still marked 21.57 percent growth compared to the same period of 2010, the report said.

“The slowdown in domestic demand for housing mainly stems from the rising cost of the bank’s credits and the rising concern over the recession in the European economies,” the association said.

Prices of construction materials in Turkey also rose by 5 percent in the third quarter last year, according to the report. The total volume of the construction contracts Turkish firms are running rose to $15 billion in the first nine months of last year. Turkmenistan topped the list with a 17.7 percent share followed by Russia with 17.4 percent, Iraq with 14.6 percent, according to the report.

Such familiar and famous  names in the fashion world as Nejla Guvenc, Atil Kutoglu, Erol Albayrak, Aspen Büyükçınar, Gunseli Turkay, Zeynep Erdogan, John Saracoglu, Özlem Kaya, Simay Bulbul will present their individual fashion shows on stage.

The fashion week will the final of the competition between young designers who as a major award will present their models on stage.

Istanbul Fashion Week is a platform established to gain recognition for Turkish designers and brands in national and international tribunes. The objective of Istanbul Fashion Week is to enhance the design force in the fashion industry and to support the economical growth of the sector.  The aim of it is to allow designers and brands to present their latest collections and form a bridge, from which talents from Turkey and surrounding countries may expand worldwide.

Commercial properties, including Manhattan’s signature office towers, will gain the most, with a 7.9 percent increase to $222.7 billion, according to the tentative assessment for fiscal 2013. “Market forces” – changes in supply and demand -accounted for more than half that increase, the Finance Department said  in a statement.

A jump in assessed property values increases the amount of money New York City can borrow, as set forth in the state constitution. The city can owe as much as 10 percent of a five- year average of the value of its taxable properties. For fiscal 2012, that was $76.1 billion. The amount is projected to increase to $77.8 billion in fiscal 2013, to $79.5 billion in 2014, and $81.2 billion by 2015.

Residential buildings with more than three units will rise 5.2 percent in assessed value, according to the city’s forecast. Average tax bills paid by property owners in that category, which includes rental apartments and most condominiums, would increase $195.77 to $4,150.60, the Finance Department said. For single-, two- and three-family homes, plus condos in buildings of three stories or fewer, the projected gain was 3.1 percent, with a tax increase of $119.02 to $4,082.

Manhattan will have the largest rise in market value, 5.9 percent, according to the city’s report. Following are the Bronx, with a projected gain of 3.6 percent; Brooklyn, 3.2 percent; Queens, 2.2 percent; and Staten Island, 0.7 percent.

Abi blames also the increased share of fixed-rate mortgages, which went from 37.3% to 37.6% (31.8% in October 2011).

The top-selling properties are the freehold apartments in all the major cities of Germany. In a year-on-year comparison, purchase prices in Munich and Hamburg grew more than 10%. Increases were also registered in Berlin, Frankfurt and Düsseldorf of more than 5%.

Leipzig comes out as Germany’s cheapest city on the home front and the only one recorded a slight drop in purchase prices.

Rental prices have increased significantly since mid-2011 in the most of major cities, with Hamburg (+7%) and Berlin (+6,2 %) showing the greatest level of growth.

According to the latest figures from the REIDIN report, the New property Price Index  was fixed at 9.88% in December showing increase for  0.78% in comparison with November.

The prices of the branded projects in European side of Istanbul increased for 1.17% per month and on the Asian side were up for  0.47%.

The report also states the prices increase for the existing homes for 0.89% in whole Turkey:  0.93% in Adana, 0.55% in Ankara, 1.27% in Antalya, 1.08% in Istanbul and 1.14% in Izmir. Prices were stable in Kocaeli and decreased 0.11% in Bursa during December 2011.

Generally the same situation is on the rental market.  Rental prices for existing homes increased 0.70% in Turkey overall and were up 1.54% in Adana, 1.69% in Antalya, 1.09% in Istanbul; 0.39% in Izmir and 0.45% in Kocaeli. The rental prices didn’t change at all in Ankara and fell down for 0.65% in Bursa.

The Turkish residential property market is likely to see further rapid growth in 2012 as the country’s economy unlike many of its European neighbors, is stable with slight growth in some sectors, which positively effects real estate market.