Words: Ashley Rigg
Published: 28th June 2010
*Russia sows the seeds for overseas property boom
The Russian government is to undertake a series of measures aimed at promoting home ownership which could be a boon to the overseas property market if the British experience is anything to go by.
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Source: Global edge
User Comments
Some valid points, although there are still restrictions regarding the movement of funds out of Russia for investment. When and if the restrictions are eased, then I would think we could expect to see a significant boom in Russias general public investing abroad. Until then, it will likely remain just the super wealthy investing far outside Russia itself.
Peter Mindenhall,
IPINGlobal (Global Prospects SL)