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Russian property investors seek ‘UK stability’

Posted by: In: Real Estate 10 Apr 2014 Comments: 0 Tags: ,

Russian real estate investors are targeting the UK, Germany and France, which they see as stable options, with Bulgaria, Portugal and Spain also options, says a report from Portuguese property website Meravista

Russian overseas property investors are looking for stability and the UK is their number one choice, it is claimed.

Germany and France are also among their main targets, along with Bulgaria, Portugal and Spain, according to a report from Algarve property website, Meravista.

After reviewing Russia-originated reports, research, websites and internet searches, the perception that typical Russians buyers are buying prime property in the sun or are interested in Schengen country citizenship schemes is on true in limited cases, says Meravista.

“The western mentality creates the assumption that the typical Russian buyer will be spending an extravagant amount of money in the sunniest possible destination, with a keen interest in new citizenship. Meravista’s research reveals that this is far from the reality.”

Looking purely at foreign property for investment, the market analysts at Russian real estate websites, Indriksons.ru and Tranio.ru says buyers are seeking stability and their top targets are the UK cities of London, Manchester and Birmingham.

Investment in the highest priced property markets in Europe are reserved for wealthy Russians, who are …read more

Source: OPP



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