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Rich Russians returning to U.S. property lured by lower prices

Posted on 15 July 2009

From Bloomberg: Russian millionaires are returning to the U.S. property market, lured by distressed sales and the ruble’s rise against the dollar, lawyer Edward Mermelstein said.

“The way many look at the U.S. right now is that it’s a bargain,” said Mermelstein, who has arranged about 300 real estate deals for buyers from the former Soviet Union since 2007…….Full Article: Source


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