Positive year-end news from the Russian маркет

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Like all markets, the last 12 months have been filled with changes as the маркет adepts to the new situations. However with minimal personal debt and with less that 3% of the population with mortgages, consumer spending in Russia has remained strong. International Residence magazine co-operates closely with the major Property Shows in Moscow and St. Petersburg enabling a comprehensive year-end overview of the маркет.

Participation at the Property Shows has remained constant with the most popular being fully booked. Visitor numbers were stable in the Spring but saw renewed confidence in the Autumn with increases at the Moscow Investment Show and the Moscow International Property Show (October, November).

Consumer confidence was also apparent from the survey carried out by International Residence during the shows:

95% of the interviewed visitors stated that they are interested in investing in property abroad

65% of those interviewed intend to buy a property overseas within the некст 9-12 months

The average investment from those interviewed is in the 90,000 евро to 350,000 евро рэйнж

10% answered that they already own property abroad

The survey also indicated the top 15 destinations requested by potential Russian buyers:

1. Bulgaria — 20.00%
2. Spain — 11.05%
3. Montenegro — 6.81%
4. Czech Rep — 5.18%
5. Italy — 5.00%
6. Turkey — 4.73%
7. Germany — 4.71%
8. Finland — 3.97%
9. Cyprus — 3.63%
10. США — 2.86%
11. Egypt — 2.43%
12. Greece — 2.24%
13. France — 1.71%
14. Croatia — 1.70%
15. Dominican Rep. — 1.43%

International Residence is Russia’с first and leading Overseas Property Magazine. Printed bi-annually this high quality publication enjoys extensive distribution at the leading Property Shows, an extensive subscribers list and substantial circulation though a unique network of high level distribution outlets in the major cities and throughout Russia.

English speaking specialists and experienced designers ensure a smooth transition into the Russian language. Their Spring/Summer issue is in preparation and the deadline for inclusions for this issue is January 30th. Further details can be received from the magazine website at www.InternationalResidence.ru

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