Growth of demand for foreign realty among the Russians

According to “Miel Distant Property Management” company experts in 2009 the Russians displayed more interest in foreign real estate purchasing. This tendency isn’t bound with political, labor or religious emigration, but most likely stipulated for the longing of the Russians to live abroad on pension.

Specialists of the company informed that request for foreign realty search with the permanent place of residence goal made up in 2009 - 10% (comparing with 2% in 2008). With the goal to obtain a residence permit 25% of the potential buyers showed the interest in purchasing of foreign realty (comparing with 40% in 2008).

Investment and recreation was the goal of 55% of the Russians in 2009 (53% in 2008), among the clients of “Miel DPM” company. According to analysts, the most interest in investment is Latvia (price cut down made up 75%), Spain (up to 35%) and the USA (up to 15%). We should mention, that the experts as well forecast the multitude premises for further price growth, so the most advantageous time for foreign realty acquiring is just now.

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