Real Estate News from Russia

Global online travel company Opodo recently placed Russia second only to Bulgaria in its industry respected report relating to predictions for the top ten emerging destinations for travellers in 2007; and Opodo’s opinion of Russia as a hot market for travel is supported by many other global brands and experts who also see the real estate and investment markets in Russia as emerging positively.

US investment banking giants Morgan Stanley have just completed their first major foray into real estate in Russia, Century 21 the US based real estate agency brand are set to move into Russia and hope to dominate the estate agency market, and foreign direct investment commitment in Russia rose by almost 20% in the first six months of 2006 proving that Russia is growing in popularity and becoming a hot market for property investors to check out

According to Opodo the numbers of bookings for flights and travel packages to Russia have increased 24% already this year, and as 2006 goes on the interest that tourists are showing in this emerging market is intensifying.  Opodo see 2007 as being a record year in terms of the numbers travelling to Russia and industry opinion supports this and views Russia as a positively and rapidly emerging travel location.

Not only is Russia emerging as a popular destination for independent travellers and visitors looking for an interesting holiday location but the numbers of businesses and private investors committing to Russia just further serves to prove that the country is increasing in popularity and offers a great deal of opportunity for those in it from the outset. 

This is why Morgan Stanley’s real estate arm has bought a 10% share in RosEuroDevelopment, a large property development company in Russia.

Morgan Stanley made the move at a time when it is widely accepted that Russia’s real estate sector is beginning a boom period.  International funds are being ploughed directly or indirectly into property funds in Russia, local and international finance houses are extending loans to property development companies in Russia and the rate at which new properties are being constructed in Russia to meet intense demand from local and overseas sources has outstripped expectation.

All in all these positive factors have resulted in foreign direct investment in Russia increasing by 16% in the year to date and a great deal of state and private funds are now being directed into infrastructure improvement projects to benefit the nation and raise the standards of living in Russia.  As a destination for risk taking tangible asset investors interested in a market with long term and broad appeal, Russia is well worth a look. 

Special Reports: Property News for Russia

Russia Real Estate Investment Potential
Real estate investment in Russia is centered on western cities and profits can be made in residential and commercial sectors

Russia Real Estate Buying Process
Successfully navigating the property buying process in Russia requires the assistance of a decent lawyer and the application of caution

Russia: A Guide for Real Estate Investors
Russia has an exciting real estate market offering property investors massive growth, sustained income but not without risk.