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Russia, the world’s next red hot real estate market

Posted on 19 February 2013

More global real estate investors say Russia a more attractive real estate investment than Europe. According to a 45 page report by Ernst & Young, released last week, 87% of roughly companies surveyed said Russia was an attractive or very attractive investment for properties, while 83% said the same about Europe. Within the margin of era, that makes Russia as good, if not better than Europe when it comes to the global property market.
The most active investors in this space are private wealth management firms gobbling up lower cost Russian properties, with 57% saying they were the most active investors in the country followed by Real Estate Investment Trusts…………………………………….Full Article: Source

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