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New York City’s Russian real estate boom

Posted on 05 April 2012

While the U.S. housing market continues to struggle, there is one bright spot for those who sell apartments: Russians are investing plenty of money in high-end real estate, especially in New York City.
In The New York Times, Alexei Barrionuevo describes a real estate strategy meeting at which “brokers sipped wine and nibbled cheese, a panel of lawyers and a banker reviewed some of the biggest sales made to Russians, including the $188 million spent on properties in Florida and New York by trusts linked to Dmitry Rybolovlev, who made billions from potash fertilizer; ……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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