Russians show great interest in investing in foreign real estate

No time to read?
Get a summary

In January-June, the number of applications for real estate purchases from other countries increased by 38%. Such data to the newspaper “Izvestia” supplied at the federal real estate company “Etazhi”.

The leading analyst of the company, Alexander Ivanov, noted that first of all, Russians are interested in real estate in Dubai. The share of applications from Russians for purchase in January-June was 47%, up from 37% in 2022. In the first half of this year, Turkey and Northern Cyprus were among the top 3 countries most popular with Russian citizens. The rate of applications for real estate purchase in Ankara increased by 41% compared to the previous year and became 28%. 10.5% of the investors showed interest in real estate in Nicosia, which was twice as much as last year.

According to the analyst, the most visited destinations include the CIS countries and Thailand.

“In an environment with high tourist inflows to these countries, some of the real estate purchases are made for future rentals and passive income generation, while in other cases, investors expect to make a profit after resale during the price increase phase. ”said Ivanov.

The Russians found a way to continue buying property in Europe despite the sanctions. knowledgeable In March, Kommersant newspaper. According to him, in order to finalize transactions, citizens of the Russian Federation are forced to transfer funds through accounts in the countries of the former USSR, obtain a European residence permit and look for sellers operating in the Russian jurisdiction.

Previously reportedThat the Russians started taking mortgages for investment purposes.

No time to read?
Get a summary
Previous Article

The Mayor of Moscow spoke about the development of transport and social infrastructure in the west of the capital

Next Article

Live Transfer Market: News, Transfers and Rumors Today, 15 July 2023