Experts: volume of investments in the Russian real estate market will be $ 4 billion
This year the total investment in real estate in Russia will exceed the indicators of 2018 and may reach more than $ 4 billion, industry experts say.
“A preliminary estimate of the amount of funds invested in Russian real estate for the first three quarters of 2019 is $ 1.6-1.9 billion, and the total annual indicator is expected to reach $ 4-4.3 billion, most of which will be in the fourth quarter of 2019. Thus, we will be able to observe moderate growth at the level of about 7-9%, ”Olga Shirokova, director of the consulting and analytics department at Knight Frank, said.
According to preliminary estimates, the volume of invested investments in the world market will amount to $ 810 billion, which is slightly lower than in 2018. However, the economic stability of the real estate market still makes it attractive to investors.
“Investors continue to search for new and more profitable areas for investing, and since the real estate sector can offer them relatively attractive returns, the demand for such assets remains high,” says Sophie Chick, head of the world research department at Savills, an international real estate agency.