Investors are more willing to spend money on real estate in Russia

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www.vsyako.netPhoto: Yury Martyanov / Kommersant

The volume of investments in real estate objects on the territory of Russia in 2019 increased by nine percent to 260-280 billion rubles. This was stated to journalists by the managing partner of the consulting company Knight Frank Alexey Novikov, reports “Interfax”.

The positive dynamics is mainly provided by the regions outside of Moscow: in the current year investors have invested in them 90 billion to 67 billion in 2018. the Investment in capital remained unchanged at 180 billion rubles per year, said the expert.

According to him, in 2019 the greatest volume of funds in Russia, investors have invested in commercial property. The share of foreign investments in the current year was four percent lower than last year: 20 per cent against 24.

“The situation is not stellar, but promising,” said Novikov, adding that in 2020 the volume of investments in Russia will continue to grow cautiously.

Earlier, in September, it was reported that the total volume of world investments in real estate during the first six months of 2019 amounted to 810 billion — 30 billion less than in the same period of 2018.

Video, photo All from Russia.

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