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Investment in Russian Real Estate Totals $8.1 billion in 2013
26.12.2013 19:24
Investment in Russian Real Estate Totals $8.1 billion in 2013
Photo Credit: http://www.worldpropertychannel.com

Investors have maintained an active interest in the Russian real estate market despite a weak demand and stagnating economy as revealed in a study by Jones Lang LaSalle.

      According to the global leader in real estate services, Russia attracted $8.1 billion in 2013, down 7.5 percent from last year’s record $8.8 billion.

      Commercial and shopping real estate accounts for 37 percent of the total investment each. Industrial real estate makes up 14.2 percent, multi-format facilities 8 percent, hotels 3 percent and residential real estate totals just 0.7 percent.

      The share Moscow-based deals dropped from 88 percent in 2012 to 84 percent. St. Petersburg followed suit, edging down from 10 to 6 percent this year amid growing interest in regional hubs like Ufa, Omsk or Novosibirsk.

       




Author: Mikhail Vesely

Tags: Russian property Russian real estate Russian real estate developers   

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