One of most popular Russian dreams is to have a house at the sea-side, but the prices on real estate at the Black Sea, Sochi in particular, are far beyond the buying power of many rich people, who had to switch their attention to other countries.
Russians are to blame for sudden jump in prices on vacation properties in Finland – they are ready to pay a double price for the house they like.
The properties Russians are interested in are often larger and better than those usually acquired by the locals. Besides, the best apartments are located close to the sea, and, therefore, cost more. This also explains the leap in prices.
source:
www.newsru.com