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Posts Tagged ‘russians and property’

Russians Ignore Banking Crisis in Search for Property Investments

by Overseas Property Mall on Thursday, October 9th, 2008 in Property & Real Estate Press Releases

As the global economy was engulfed in crisis last week over 6,000 Russians were searching for investment bargains at the third Moscow International Property Show. The two-day show with 154 exhibitors was rated an outstanding success by participants and organisers, the Ai Group.
The two-day show attracted 6,293 visitors to stands representing investment class properties in 28 countries and left most participants exhausted and out of brochures.

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Bulgarian Property Sales fueled by Russian Buyers’

by Overseas Property Mall on Tuesday, September 16th, 2008 in Bulgarian Property, Overseas Property Trends

A recent survey conducted by Green Life Property Development, a Bulgarian hotel resort construction company reveals that Russian buyers have started to replace Brits and Irish buyers’ to being the predominant purchasers’ of new build Bulgarian resort/lifestyle properties. With Russians currently accounting for a 90 per cent chunk of all Bulgarian property purchases at the moment according to Green Life, other nationals bucking up the Bulgarian property buying trend are Scandinavian and Romanian buyers.

Their survey further categorises Russian buyers into two groups. The first group, the high net worth individuals (HNWIs), who are fully lifestyle buyers characterised by purchases of spacious penthouse apartments for 2nd home personal use only. And then the second group who seem to be replacing British and Irish buyers are the mid-range Russian buyers characterised by purchases of smaller apartments for rental or/and capital growth purposes.

With the buying frenzy of British & Irish buyers significantly subdued, the demand from Russian buyers appears to be the beacon of hope for Bulgarian developers desperately trying to shift their stock at the moment.

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International Property News Beat – Trump in Thailand, Cooling Dubai & Russian Investors

by Overseas Property Mall on Monday, September 15th, 2008 in Property News Summaries

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It Wasn’t Me – Russian Magnate Denies Buying Villa Leopolda

by Overseas Property Mall on Saturday, August 23rd, 2008 in Billionaire Homes, French Property, Luxury Property

mikhail-prokhorov.jpg

Mikhail Prokhorov, Russia’s fifth richest man worth about $22bn has denied reports that he was the misery buyer of the €500m Villa Leopolda in Côte d’Azur, the world’s most expensive home.

With the French and Russian media insisting that Mr.Prokhorov was indeed the misery buyer of Villa Leopolda, his spokesman denied the allegations by explaining that his boss refused to do business in France until he got an apology for being held in a prostitution probe.

Roman Abramovich, another Russian magnate and Britain’s second richest resident also denies the purchase. We know for certain that the buyer was Russian.

Central London and the French Riviera are the current hotspots for Russian buyers.

Photo credits: Norilsk Nickel

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