Property Investor information: Russian Federation
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Property Investor information for: Russian Federation
Moscow , the capital, is a dynamic and diverse city which is often seen as the nucleus of the changes sweeping through Russia. Moscow's history lies in layers. In the Kremlin, for instance, both Ivan the Terrible and Stalin orchestrated their terrors; Napoleon watched Moscow burn; Lenin fashioned the dictatorship of the proletariat; Kruschev directed the cold war, and Gorbachev unleashed 'perestroika'. The city is at the heart of Russia's international connections and as such property prices can be extremely high.
Most other cities that may be of interest to foreign investors are in Western Russia. These include Yekaterinburg, Kaliningrad, Perm, Samara, and Ulyanovsk. Many of these cities are significantly cheaper than the capital after suffering significant property price deflation in the late nineties. However, each of these cities are likely to benefit from their proximity to Europe and the ever expanding trading block. Additionally, there is the odd resort town such as the subtropical Sochi.
Russia is a vast country with many conflicting facets to its nature. Property investment in this country is not easy, but considering its natural assets and one time status as a superpower, it is likely that the Russian real estate market will continue to develop as the country does.
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