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The Russians are coming

Russian investors are taking advantage of all the real estate bargains around Europe, Africa, and Australia, while the rest of the world are reeling from the global crisis. Leading media sources from news and real estate confirm that the Russians aren’t intending to stop their overseas property buying activities.

News headlines such as “From Russia with Cash” by the Wall Street Journal; “Russians snap up Australian luxury” by the BBC are all confirmation there is plenty of action in the Russian investor market.
While the Russians are feeling tremors of the global crisis it is not affecting them so bad. With some great deals in Central and South America and the Caribbean giving Russian buyers plenty of exotic choices to invest in plus European markets such as Cyprus, Bulgaria, Turkey, Croatia, Montenegro and Calabria Italy remain hot spots with Russian investors too.

One of Russia’s richest investors is the young Russian oligarch Vyentseslav Leibman, he is moving ahead with investments of over $310 million. Leibman is quoted as saying “The money keeps coming, despite the financial crisis”.
Other Russian oligarch’s are also buying property in Cyprus Italy, Switzerland, Portugal and Greece. In the recent stock market crash Russian share prices dropped by 75%, many wealthy Russian investors have started looking into other markets to invest their dollars.
The Finnish market traditionally favoured by the Russians is drying up due to rising property prices and has sent them searching for new opportunities, also the Russians are scouring the world for property bargains including Hotels, Resorts and complete Developments, do you have Russian neighbours next door to you?.

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