According to Internationalproperty.ru :
"As the Russian economy continues to expand, more Russians are looking to purchase overseas property.
Whilst some Russians have bought properties abroad, some even manage extensive portfolios, there is a new sector of Russians with growing disposable income who need to be educated and informed on the advantages of purchasing International property.
A few Russians were able to create enormous wealth in the early days of privatisation and were purchasing luxury property around the world. Following the crisis of 1998 and the careful Government of President Putin the Russian economy is one of the few that can record encouraging growth. More and more Russian people now have disposable income. Initial essential purchases have been made (apartments, cars etc) and there is a growing interest in owning property abroad. However it has to be noted that the principal of International purchases is relatively new to many people and careful thought must be given to educating new, potential clients as to the benefits and advantages of owning International real estate."
Where do Russians buy?
Cyprus - Several thousand Russian nationals have purchased property in Cyprus in addition to opening businesses.
Spain - The province of Malaga is plans to construct a Russian Orthodox church to accommodate the more that 25,000 Russians who own or reside in the area.
Finland - Wealthy Russians are regular guests to Eastern Finland where many have built very expensive, exclusive country cottages.
USA - Russians have purchased extensively in Florida and are respected guests.
Asia - Now considered an area for wealthy Russians to include in their portfolios.
Great Britain - Recognised as prestigious investment. More that 250,000 wealthy Russians now live in London.
France - Many wealthy Russians own luxury villas.
Italy - Gaining in popularity among wealthy Russians.
Dubai - The new developments appeal to this market.
Worldwide - As Russian banking laws change and the awareness of purchasing International property abroad, many more Russians are looking for Holiday Homes and Investments around the world.
To your business success,
Olga Kellen, the Author of Selling to Russians, free e-book for real estate professionals
Comments(6)