Russians tend to be attracted in investing in square meters, and these investments can be not only in Russia, but also abroad. Russian citizens seem to have a preference to live in their own property, rather than renting an apartment or a house. In case of the rent of the property, the dreams of owning the property usually do not leave the tenants. Why is it so? Possibly it is due to the special features of the Russian characters and stereotypes, or could be due to the ordinary human needs. While looking at statistics, the real estate bought by Russians abroad increased by 12% in the first half of 2016. The figure keeps on increasing since.
Private property is valuable and profitable acquisition. Any financial contributions are very much affected by the unstable economic environments in the past years. However, the square meters investments still remain safer, in comparison to financial instruments.
Throughout the list of most active investors in the property abroad, Russian citizens take the 7th place. At the same time, not only housing property is bought, but also properties for commercial use. What caused such a shift?
Perhaps, people prefer owning their own property abroad for changing the place of living for a while, vacations, remoted work, etc, however, preservation of the funds serves as the main motivation. The economic situation in Russia as well as the growing crisis and massive currency fluctuations pushes the Russian citizens to purchase property abroad, in order to be safe for the future of their investments.
Obviously, before investing the funds in the real estate abroad, it is important to carefully examine the local market, to estimate the expenses from the biggest expenditures to the smallest and to avoid losing the invested funds. The trends of purchasing properties abroad is not pforecasted to weaken in 2017, and in fact the trend is projected to grow, mainly due to instabilities and fluctuations in Russian markets.