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13 February 2012

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Russian RE investment dominated by domestics; no rebound yet - Cushman partner

The Russia real estate investment market, which came to a halt in the fourth quarter, showed some movement in 1Q09, although international buyers were almost entirely absent. However more realistic recovery expectations are emerging, and Russia will be on a faster recovery track when the global market rebounds. "As banks and real estate owners come to realise there are no quick solutions .. more realistic expectations on recovery strategies come into play," said Olga Rudenko from Cushman & Wakefield Stiles & Riabokobylko.

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