<h3> <strong> RUSSIAN REAL ESTATE MARKET: <br /> foreign investors dominate the market </ h3> </ strong>
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For the price increase on the property market luxury <b> Moscow has this year exceeded London </ b>. According to estimates, in 2007, the price of nine luxury real estate in Moscow has <b> increased by 40.9% </ b>, far ahead of the British and Bulgarian capitals (32% and 30.6% respectively ). <br /> <br />

In 2006, foreign investors dominate for the first time the real estate market commercial Russian. According to a study by the agency Cushman & Wakefield Stiles & Riabobobylko (C & W / S & R) during the first nine months of the year, the share of foreign investment accounted for 62% or about 2.5 billion dollars. <br /> professionals are predicting a doubling of the volume of investment companies and funds foreigners on the Russian market in 2007.
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Currently, return on assets acquired on the market for commercial property in Russia is about 9%, with respect to development projects, they bring in approximately 15%, said Sergei Kuznetsov. "And these indices are, in some regions of the order of 1.5 to 2% higher," he adds.
<br /> Western investors believe that these figures are underestimated. "The performance of works built in Russia today varies between 10 and 15% for those that are built himself, he is at least 20%," says the director in charge of development in Russia fund L & RP David Jovanis.
<br /> By way of comparison, he cites figures for the countries of Western Europe that do not exceed 6-7% for goods built and for the countries of Eastern Europe where the yield is already close to this index. "<br /> <br />

<strong> THE RUSSIAN MARKET ON REAL ESTATE </ strong> <br /> <br />
Given the trend of increased Russian real estate market, many Russian buyers are turning today to other horizons. <br />

The countries of Western Europe, especially France, Spain, Italy and Portugal, saw customers arrive from Russia strongly attracted by the charm of these countries, where life is good and where culinary art, sunshine, cultural wealth and property prices remain very attractive, all asset for this new clientele in search of new investments. <br /> <br />