| The number of Russians buying holiday homes abroad has been increasing tremendously over recent years. A few years ago, just the wealthy Russians had the funds to buy houses outside the former Soviet Union, but today, a host of middle-class people are finding it appealing to secure sea-side homes abroad, even though there is every chance of incurring a debt.
Property abroad is considered as an investment by many buyers, and the drop in real estate prices due to the Euro zone’s financial crisis in countries such as Cyprus, Spain, Portugal and France has seen a large number of Russians invest in these markets, believing that rates will eventually rise...............................................Full Article: Source
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