The offset development of commercial activity has come to fruition and now considered to be an entrepreneurial opportunists dream.
Russia is the largest country in the world with the total area 17,075,400 square kilometers. The main part of the European territory of Russia is situated within the Eastern European Plain (Vostochno-Evropeyskaya Ravnina). The southern border is on the North Caucasus. The territory of Russia spans through 11 times zones. Moscow being the capital has been popular with overseas investors and real estate market has seen incredible increases over the last 3 years. Another area of interest is, Sochi on the black sea coast, where the winter Olympics 2014 will be hosted.
KEY FACTS
GDP growth 7.3% last year
Lowering inflation
Strong monetary policies
Diverse climates
Host of 2014 winter Olympics
Low interest rates
RENTAL RETURNS AND TOURISM As well as Moscow being the sixth fastest growing property market in the world the Russian rental market currently boasts the 5th highest yields in the world. The 2014 winter Olympics being held in Sochi will aid the strategy to boost tourism numbers in the town by over 100% in the next four years.
CAPITAL APPRECIATION AND THE PROPERTY MARKET Country-wide the property market is expected to perform well with the President deciding to shift the centre of economical and political life away from Moscow and around the cities likely to benefit from their close proximity to Europe. Sochi, just across the water from Bulgaria - is the where the local and international experts are preparing to
Russia/Moscow
UK/Manchester
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