Foreign citizens buy up expensive realty in Moscow

According to Blackwood Company 72% of Moscow realty are bought by Muscovites, 22% - by residents of RF regions and 6% - by foreign citizens (excluding Muscovites and residents of Moscow area).

High-quality Moscow residential complexes are really appeal foreigners. Mainly it concerns rental segment, but recently the increase of sale demand is registered.

This phenomenon draws attention of experts. Analysts distinguish two foreign buyers groups acquiring Russian realty: foreign rentiers and lessees or investors (natural person and foreign funds). As a whole foreign buyers’ requirements don’t differ considerably from whishes of Russian clients.

They prefer modern residential complexes located in Moscow centre. Among the objects which are of great demand amidst foreigners are the following: residential complex “Shokolad”, complex of elite mansions “Italiansky Kvartal” and Moscow-City towers.

Foreign clients mainly buy property in the following budget limits: $ 600.000-2.500.000. Regarding foreign western funds: they effect purchases of objects costing about $ 5-10 million.

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