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One of the biggest developers in Russia, Metos, is in a deep crisis. What (and who) can save a developer from crashing? And what should apartment buyers expect? "Forbes" magazine investigated the history of the rise and fall of the entrepreneur, who during his 12 years of existence became a leader in the Russian real estate market. Smollett began expanding in the Moscow region, when the brother of one of the company's owners, Andrei Vorobyov, became the governor of the region. Then the entrepreneur grew rapidly, reached the federal level and became one of the beneficiaries of the preferential mortgage program introduced against the background of the covid epidemic. But then the company encountered a "black swan" - and not just one, but a whole flock. How was the plane pulled into a threatening crisis? What should the banks do if they issued billions of rubles in loans to developers? What should home buyers expect? And where does the influential businessman, a friend of Trump's son Omer Karamelev, come from in this story? We retell the main points from Forbes' material. Open with VPN | No VPN.

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Meduza · · Source

🇷🇺 Russia · Map

One of the biggest developers in Russia, Metos, is in a deep crisis. What (and who) can save a developer from crashing? And what should apartment buyers expect? "Forbes" magazine investigated the history of the rise and fall of the entrepreneur, who during his 12 years of existence became a leader in the Russian real estate market. Smollett began expanding in the Moscow region, when the brother of one of the company's owners, Andrei Vorobyov, became the governor of the region. Then the entrepreneur grew rapidly, reached the federal level and became one of the beneficiaries of the preferential mortgage program introduced against the background of the covid epidemic. But then the company encountered a "black swan" - and not just one, but a whole flock. How was the plane pulled into a threatening crisis? What should the banks do if they issued billions of rubles in loans to developers? What should home buyers expect? And where does the influential businessman, a friend of Trump's son Omer Karamelev, come from in this story? We retell the main points from Forbes' material. Open with VPN | No VPN.

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