Russian businessman Dmitry Rybolovlev bought the most expensive apartment in central New York for US$ 88 million, reported the New York Observer. It turns out, the most expensive home in the history of Manhattan real estate. Rybolovlev owned 10-room penthouse at 15 Central Park West in New York. The total area of apartment exceeding 626 square meters, besides this it's surrounding by terrace area over 190 square meters. According to New York Observer, former principal owner of the "Uralkali" was the 93rd richest person in the world with a net worth around US$ 9.5 billion. Were he to move in full-time, that would make him the fifth richest New Yorker, behind David Koch, Mayor Bloomberg, John Paulson and Ronald Perelman. This is not the first time a rich Russian has set real estate records this year. The current belt is held by Igor Krutoy, a Russian composer who paid US$ 48 million for a massive spread just across the park at the Plaza. The fertilizer kingpin is no stranger to staggering real estate. In 2008, he purchased Donald Trump's 3 thousand square meters Florida estate, Maison L'Amitie, for US$ 95 million. Photo gallery here.

As reported by Regnum news agency, according to A-Realty Group real estate agency, the cost per square meter in the center of Moscow is reaching half a million rubles ($18,000). The average price per square meter in the center has reached 412 thousand rubles ($14,800) in April and an average cost of luxury apartments has already run up to 56 million rubles ($2,000,000). In total, there are 2.6 thousand flats offered for sale in the center of Moscow today. Average price per square meter for economy-class apartments is 197 thousand rubles ($7,000) in the center of Moscow, for business-class apartments - 258 thousand rubles ($9,250), and for luxury apartments is 475 thousand rubles ($17,000). The price for studios (with an average area of 34.4 square meters) in city center is 7.7 million rubles ($280.000) and one-bedroom apartments are sold for 13.4 million rubles ($480,000), while an average area of these flats is 54 square meters. Two-bedroom apartments in Moscow cost 18.8 million rubles ($670,000), and an average area of these apartments is 76 square meters. Overview of real estate market in the categories of the cheapest and the most expensive apartments shows that the cheapest apartment is sold for 5.4 million rubles ($193,500), and the most expensive one for 923 million rubles ($33,000,000). Apartments in luxury new developments are offered by 714 thousand rubles ($25,550) per square meter. The most expensive luxury apartment is proposed for 1 million 112 thousand rubles ($39,800) per square meter.

On April British Chesterton consulting considered the world's property markets and has estimated how many years need a family to buy a luxury apartment. The first was Hong Kong. Here on the luxury housing an ordinary family has to save 205 years. The average cost of real estate is $ 3.6 million and an average annual household income is $ 17.5 thousand. In ranking the second place was Moscow, where to buy luxury housing family will have to make money for 113 years. "Chesterton" Analysts also estimated, that the average annual income of family in Moscow is $ 35.2 thousand, while the average price of luxury apartments - $ 3.9 million. It is more difficult to purchase luxury housing in London and in New York. Here the figures are 65 and 55 years respectively. In Kiev, with an average annual household income of $ 23 thousand and the price of luxury apartments in the $ 900 thousand, the rate of availability is 39 years. In Paris and Geneva for the purchase of luxury housing families have to spend 32 years. One of the lowest indicators (11 years) is observed in the United Arab Emirates in the Abu Dhabi. In addition to a high standard of living (annual income is about $ 144 thousand), experts attribute this to the fact that here house construction sector is very advanced. If we bring such rough calculation for Yerevan, we'll have following results; with the average annual income of a $7.0-$8.0 and an average cost of a luxury apartment of $250-300 thousands, an average income family living in Yerevan will have to pay for it about 35-40 years. However, as we see, Chesterton's calculations didn't assume other expenses, such as food, education, utilities, healthcare and so on, and surely, including all these costs will postpone apartment buying, and for an average Yerevan family the outlook for getting luxury apartment is almost unreachable.

Famous Russian composer Igor Krutoy bought a luxury apartment in New York, at a famous Plaza Hotel with a panoramic view over Central Park. The apartment has about 557 square meters and cost more than $40 million. As Wall Street Journal reported, this is the second most expensive townhouse or apartment sold in New York since the start of financial crisis. But this estate is not the first real estate purchase of Krutoy in New York. In 2003 he purchased half of the 28th floor at the Chatham condominium (a 34-story condominium tower) for $6.1 million. Three years later he paid $7.4 million for the larger apartment next door. In April 2009 Krutoy put both apartments on the market together for just under $20 million and in June he sold the larger one for only $7 million. Note that a luxury apartment in New York is not the only "shelters" of Krutoys' family; they also have apartments in Moscow, houses in Miami and Yurmala.

When it came to advertise a new luxury apartment complex in Moscow, developer-billionaire Vladislav Doronin looked no further than the woman living next to him-supermodel Naomi Campbell! She has appeared in a TV commercial for the luxury apartment complex "Legend Of Tsvetnoy" in Moscow, developed by Capital Group, that is owned by her Russian boyfriend. Naomi really does her best to shift this exclusive property and a 60-second ad was enough for working out in the fully equipped gym and then taking a dip in the swimming pool, have a dinner in a restaurant and come back to the apartment with a panoramic views over Moscow city. The advert finishes with Naomi breathing the lines: "I listen to your heart, Moscow. Now you know where I stay". Indeed, for those who do not know where and with whom is the "black pearl", we report; in early 2008 Naomi Campbell met with Vladislav Doronin at the Cannes Film Festival, and they soon began dating. Wedding of Naomi and Vladislav was to be held in August 2009, however, the billionaire is having difficulties with the divorce ... Together with her lover Naomi Campbell has settled in Russia, while Ekaterina,( Doronin's wife), lives in London. According to "GQ" magazine, in the ranking of the most stylish men of Russia in 2009, the billionaire took second place, and according to Building.ru, he entered the top ten list of the most professional developers of Russia. To date, Doronin's assets are estimated at nearly two billion dollars, although data from different sources considerably vary - from one to six billion.