Abstract
In spring 2017 the Zoning Rules (ZR) have come into force in Moscow – in fact, this is the main document enabling real estate development in any particular urban land plot. After the first year of the new order enactment, the author analyzes both relevant and probable economic repercussions from the ZR adoption and concludes that no positive effect anticipated by the city administration can be discerned; after the urban land development plans (ULDP) earlier issued for Moscow developers expire, the duration and cost of the preinvestment construction stage will notably rise, which, in turn, will result in the investment cost growth for all immovable property types in Moscow.
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