Olga Khasanova, CEO and founder of Urban Projects, said that since the beginning of the year, Russians’ demand for housing abroad has fallen by 30-40% compared to 2023. Her words were quoted by the newspaper “News”.
“Interest in foreign real estate has really declined. In 2022, demand was clearly neurotic in nature, in 2023 it was inertial, and in 2024 a rationalist approach finally began to emerge,” the expert comments.
According to Khasanova, Russians have realized the disadvantages of buying housing abroad, especially in popular Asian markets that lack transparency and regulation.
The expert noted that the decline in demand for foreign real estate is also associated with the instability of the ruble. Khasanova explained that the volatility of exchange rates deliberately puts Russian buyers at a disadvantage when purchasing assets in other countries.
Before this, real estate agents in the name the best way to invest in housing. Experts recommended investing in real estate with developed infrastructure.
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