Property for sale in Russia
Despite the general fall in prices the wealthy Russians whose finances have not suffered too much from the situation, in most cases have long since satisfied their housing needs and perhaps even have other properties purchased for investment, both in Russia and abroad. As a result today, despite the general fall in prices, few of them feel the need to further expand their real estate portfolio, also by virtue of the increase in property ownership costs and the greater difficulties in finding tenants who guarantee rental income stable and safe.
On the contrary, among those who are truly motivated to improve their housing conditions, many face financial constraints and uncertainties related to, which are offset by falling interest rates on banks.
So if you analyze the stratification of current demand, you can see how today the lion's share does not so much private investors looking for properties for sale in Russa, "hunting for opportunities", as ordinary people who try to solve a primary need: the purchase of the property for sale in Russia.
This was partly due to the fact that mortgage interest rates in the last twelve months fell further with lows reaching 11 - 12% per year.
Given the above premises, foreign investors will still have attractive opportunities. It is evident that the great advantage of buying a property for sale in Russia today lies in the prices certainly more accessible than a couple of years ago and the disproportionate offer that can hope for further margins of treatability if you can find sellers who have urgency to sell or are motivated to do it quickly.
These factors, among other things ,for example the World Cup 2018, have contributed to attracting a growing number of investors both in St. Petersburg and in the capital Moscow, not from abroad but from the regions of the Russian Federation, which seem to focus mainly on luxury properties for sale in Russia, which have suddenly become "within reach".
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