Words: Ashey Rigg
Published: 7th December 2009
Top 15 Russian overseas property destinations
AI Group, the organisers of the two of Russia’s biggest property shows have published findings from their visitor research showing the most popular overseas property destinations among Russian buyers.
The results are similar to the findings
of our in-depth study 13 months ago into Russian buyer behaviour using data from Russian search engine Yandex. In both datasets, Bulgaria and Spain are out in front by some distance accounting for nearly a third of demand between them and Montenegro comes in third place.
Although Turkey and Germany feature prominently in both lists, the Czech Republic is the fourth most popular destination among this years exhibition attendees but failed to make the our list at all last year.
The big winners this year appear to be Italy (5th compared to 12th) and the USA (10th compared to 15th) with Cyprus the biggest loser (9th compared to 5th).
A likely explanation for the changes is a desire by Russian investors to protect their wealth in the economic storm by buying in safer, more established destinations. Interest in Cyprus will not doubt have been affected by negative publicity around the non-issuing of title deeds.
Top 15 Russian overseas property destinations
1
|
Bulgaria |
20.00% |
| 2 |
Spain
|
11.05% |
| 3 |
Montenegro
|
6.81% |
| 4 |
Czech Rep |
5.18% |
| 5 |
Italy |
5.00% |
| 6 |
Turkey
|
4.73% |
| 7 |
Germany
|
4.71% |
| 8 |
Finland |
3.97% |
| 9 |
Cyprus
|
3.63% |
| 10 |
USA
|
2.86% |
| 11 |
Egypt |
2.43% |
| 12 |
Greece |
2.24% |
| 13 |
France |
1.71% |
| 14 |
Croatia |
1.70% |
| 15 |
Dominican Rep. |
1.43% |
The surveys were conducted at the St. Petersburg International Property Show on 16&17 October and at the Moscow International Property Show on 13&14 November.
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User Comments
About Cyprus, I think that is not the real true.
We suggest the buyers should get professional advice before he prevent in any purchase of property.
Professional advice you can get from Lawyers, Department of Land Registry.
Charis Theocharous http://www.cyprus-property4sale.com
Haris Theocharous,
Chrysostomou & Theocharous Developers Ltd
Florida and Naples in particular experiences a real surge of motivated Russian home buyers. The price range is mostly between $150,000 and $500,000. There is an interesting development though - almost 50% of Russians property buyers who contacted me to buy in Naples wated to start a business in the USA as well stating financial and regulatory difficulties in Russia plus significant drop in business activity at home. I am publishing numerous video clips about Naples as the best Florida West Coast destination and golf haven in Russian language to help buyers see how local communities and homes look like and make better educated decisions. 8 buying Russian clients in a month is a very very good result from internet marketing only on my website http://www.naplesrealestateseller.com.
Sal Antsipenka,
Independent Brokers realty
