Top 10 Countries for Russian Property Buyers in 2015
Russian buyers still dream of a second home overseas. To discover Russia's top ten foreign property destinations, Tranio expert, Yulia Kozhevnikova, went to the search engine source to find out which are the sought-after countries and cities.
Moscow, Russian Federation, January 26, 2016 (Newswire.com) - Key points:
- Spain is the favourite destination in the search for a second home
- Search requests differ in the Russian regions vs. the capital
- 60% of the Muscovite searchers prefer more expensive countries
- 35% more requests from the regions in Bulgaria and Turkey
- 70% higher requests for property in Istanbul from Tatarstan
More expensive property markets also make more money from Russian clients than other nationalities, according to a forthcoming report on Russian and CIS buyer habits in 2015 by Tranio. For example, UK property is almost twice as expensive as global market average, but Russian-speakers spend 350% more than the local average budget on property there.
According to Tranio forecasts, Spain, the U.S. and Germany will be the leading locations for both Muscovites and buyers from other regions in 2016, as precisely these markets can protect Russian capital from economic risk at home while generating income on investment.
To read the full report, just click here
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Tags: overseas property, property investment, real estate, real estate investor, Russian investors
