Russia recovers: foreign investors dominate the market
We mentioned earlier that 2018 had not ended pleasantly with cold Russia. In the entire national economy, but especially in the real estate sector, this state has suffered a strong shake-up, deriving also from the geopolitical tensions that have always characterized this country.
But finally we can give good news! Russia is recovering from this phase of stagnation, thanks to the intervention of foreign capital. The main investments fall precisely into the real estate sector which, according to statistical data, has reached historic highs compared to the last 10 years.
The new driving force behind Europe's coldest economy is 60 billion rubles for commercial real estate and 70 billion for residential property investments.
Foreign transactions accounted for about a quarter of property investments, for a total of 248 billion rubles, in 2018. This year, already in January, these thresholds have increased rapidly and with more than positive results.
The only limit is represented by the sanctions in which it is easy to run into, considering that Russia is still a single State both from the geopolitical point of view but above all from the administrative point of view.
As for Russian general economic improvement, we cannot fail to mention various indicators.
The price of oil, the main product exported by Russia all over the world, has increased exponentially and the rate of inflation has fallen at a rapid rate, obviously bringing about a decrease in the interest rate and in general a better approach to the foreign investors in Russia.
How did the Russian government intervene?
For the citizens, numerous government subsidies have been introduced such as the lowering of the annual interest rate of 5%, to allow ever younger families to buy a property even at more subsidized prices. Everything is obviously geared towards a "decidedly faster and more innovative economy, which sees not only the fathers of the family but also the young people who decide to invest in the Russian real estate market.
As a further boost to the real estate market, mortgages have been subsidized by those intending to finance new housing projects to improve and encourage new construction.
What are the forecasts according to industry economists?
The Russian macroeconomic environment is destined to modernize, thanks to these radical but important changes for the entire state system. Although the numbers are not always reliable, as it is always necessary to carry out both a quantitative but above all qualitative analysis of the sector examined, the fact remains that in the last period the Russian economy is recovering after a period of deep depression.
It is therefore hoped that it will be the beginning of a revolution in the name of Russian brick!
But finally we can give good news! Russia is recovering from this phase of stagnation, thanks to the intervention of foreign capital. The main investments fall precisely into the real estate sector which, according to statistical data, has reached historic highs compared to the last 10 years.
The new driving force behind Europe's coldest economy is 60 billion rubles for commercial real estate and 70 billion for residential property investments.
Foreign transactions accounted for about a quarter of property investments, for a total of 248 billion rubles, in 2018. This year, already in January, these thresholds have increased rapidly and with more than positive results.
The only limit is represented by the sanctions in which it is easy to run into, considering that Russia is still a single State both from the geopolitical point of view but above all from the administrative point of view.
As for Russian general economic improvement, we cannot fail to mention various indicators.
The price of oil, the main product exported by Russia all over the world, has increased exponentially and the rate of inflation has fallen at a rapid rate, obviously bringing about a decrease in the interest rate and in general a better approach to the foreign investors in Russia.
How did the Russian government intervene?
For the citizens, numerous government subsidies have been introduced such as the lowering of the annual interest rate of 5%, to allow ever younger families to buy a property even at more subsidized prices. Everything is obviously geared towards a "decidedly faster and more innovative economy, which sees not only the fathers of the family but also the young people who decide to invest in the Russian real estate market.
As a further boost to the real estate market, mortgages have been subsidized by those intending to finance new housing projects to improve and encourage new construction.
What are the forecasts according to industry economists?
The Russian macroeconomic environment is destined to modernize, thanks to these radical but important changes for the entire state system. Although the numbers are not always reliable, as it is always necessary to carry out both a quantitative but above all qualitative analysis of the sector examined, the fact remains that in the last period the Russian economy is recovering after a period of deep depression.
It is therefore hoped that it will be the beginning of a revolution in the name of Russian brick!
