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Experts named the main factors for Russians when buying property abroad

CORE.XP: Russians are actively continuing to invest in foreign real estate
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Photo: IZVESTIA/Dmitry Korotaev
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Russian buyers, despite the foreign policy difficulties, continue to actively invest in foreign real estate, but their preferences have shifted towards unique and multifunctional facilities. This opinion was shared by CORE experts in an interview with Izvestia on August 25.XP, highlighting three main trends in the requests of compatriots.

Experts point out that the simple purchase of vacation homes is being replaced by a strategic approach, where historical value, a loyalty program, or location exclusivity play a key role.

The first and most striking trend is the growing demand for apartments in carefully restored architectural monuments. Russians are attracted by the opportunity to live in objects with a rich history, where decorative elements such as frescoes, mosaics and stucco molding have been preserved, while everything is equipped with modern technologies.

"We see interest in lofts in old buildings with high ceilings in the center of European cities. It's not just housing, it's a status investment. The cost of such facilities varies from 350,000 euros to 5 million euros," the experts noted.

The second factor is the purchase of real estate in resorts with five—star service. The key advantage is the flexible loyalty program, which is being developed by international operators.

"An apartment owner, for example, in Thailand gets the opportunity to stay for a certain period of time in hotels of the same chain all over the world — from the Alps to the Maldives. This is a global lifestyle and maximum flexibility," the company explained.

The price range is wide — from $100,000 to $1.5 million. In addition to Thailand and Maldives, the top destinations include ski resorts in France and Switzerland, as well as Montenegro, Georgia and Turkey.

The third growing trend is investment in real estate on bulk islands. Buyers are attracted by the concepts of an "ideal world" with new infrastructure, modern architecture and privacy.

The cost of villas on such islands starts from $500 thousand and can reach $ 15 million. Russians are most interested in projects in the UAE, Qatar, the Netherlands and Georgia.

"Approximately 60-70% of transactions with foreign real estate are made for investment purposes. The main reasons are the expected increase in the cost of facilities, especially at the construction stage, and the possibility of obtaining passive rental income," summed up the director, head of residential real estate CORE.XP Ekaterina Lomteva.

Andrey Serdyuk, a real estate market expert and author of the Telegram channel Realtor Academy, named the main payback factors for real estate in Moscow in an interview with Izvestia on March 29. According to him, the top 3 properties with the highest profitability and quick payback include studios and one-bedroom apartments in new buildings (up to 35 square meters), apartments in hotel complexes and apartments for daily rent (near the metro, near the TTK).

All important news is on the Izvestia channel in the MAX messenger.

Переведено сервисом «Яндекс Переводчик»

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