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Russians eyeing foreign property with caution in crisis

Posted on 09 April 2013

The ongoing financial crisis may be hitting European economies hard, but the continent retains a good deal of interest for Russian customers looking to invest in property abroad. Reasons vary according to country, of course: prestige in Britain, skiing in Switzerland and Austria, warm climates in Spain, Italy and Greece, and a combination of the above - depending on region - in France.
Added to these, however, is a usual feature of economic cycles, that a crash in prices raises interest in property. The phenomenon is already being seen in Ireland, where the government is taking active measures to attract personal and corporate investment to revive the property market and the wider economy………………………………………..Full Article: Source


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


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