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Follow on Google News | Russians choose most expensive real estate abroad despite crisisLuxury residential property abroad is still popular with Russian-speaking buyers according to Tranio's upcoming report on Russian and CIS Buyer Activity in 2015
By: Tranio • Prime residential property gets biggest investments in expensive countries • Low/medium budgets destined for foreign commercial real estate • UK, France and Switzerland have highest spending compared to local budgets • Cheapest property markets see lowest spending and smallest budgets • +440% spending over local average for residential property in Switzerland • –70% Preferred locations for Russian prime property seekers are amongst the most expensive in Europe: London and Surrey in the UK, Paris and the French Riviera in France, Geneva Lake and in Alpine resorts in Switzerland. In the lowest budget segment however, Russian and CIS buyers spend between €60,000 and €75,000 per property on average – just 10% more than the local average budget in the three cheapest countries: Bulgaria, Hungary and Turkey. In contrast, only 30% of these clients pay above-market rates for commercial property where activity reflects a mature outlook on future revenue. Easier access to credit in Europe has allowed Russian and CIS buyers to leverage their investments, improving yields and safeguarding their assets from the economic downturn at home. To read the full version of this article, just click here (https://tranio.com/ * * * For regular news and updates, subscribe to our news alert. Our team also write exclusive reports and articles tailored to your needs, all we ask in return is that you link the articles and information back to our website. For more information, please contact our International PR manager: bianca@tranio.com (http://tranio.com) End
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