Russian real estate investors

According to recent data of the Central Bank of Russia, the volume of purchase foreign real estate decreased in 2014 by 4.8%. Small reducing, but the first time in 6 years. This is the official statistics, but in reality, interest in overseas real estate is growing. New buyers changes their priorities, Russian investors wants to earn an income in foreign currency. 

With Russians currently accounting for a 90 per cent chunk of all Bulgarian property purchases at the moment according to Green Life, other nationals bucking up the Bulgarian property buying trend are Scandinavian and Romanian buyers.

The two-day show attracted 6,293 visitors to stands representing investment class properties in 28 countries and left most participants exhausted and out of brochures. The visitors were keen to buy, and developers with properties ranging from mountain top villas overlooking the Mediterranean on the island of Cyprus to a futuristic beach front skyscraper in Thailand were busy fielding enquiries from well heeled Russians apparently oblivious to the global banking crisis.

"Despite crisis, wealthy Russians are buying up coastal Montenegro," writes the The New York Times. Cash clad Russians have arrived at the international property scene with a bang and they are looking to buy prized real estate through out the world. Who is buying ?

It has become some kind of cult to travel to Australia and visit the Gold Coast. The Japanese have also seen the value of this bustling and trendy place, so much so that many shops and businesses along the coast are owned by the Japanese.
But the newest breed of investors came quietly, albeit forceful. The Russians. Cashed up from industries such as oil and mining, the Russians are now grabbing the many multi-million dollar waterfront investments along the Gold Coast.

The experts suggests that regardless of their fortunes, Russians don’t necessarily want masses of land and they are not particularly interested in properties with old-world charm or character. Furthermore, few of them are looking at properties below $US1 million, although there is often no maximum amount.