Focusing on Import Replacement

Журнал CRE #268 Декабрь2015
The Russian real estate market should no longer stake on overseas investors: in expert opinion, the import replacement policy is to be entrenched. But like a year ago, everything is exacerbated by the sanctions, difficulties with bank financing, ruble volatility and constantly changing rules of the game.

According to JLL, the volume of investment transactions on the Russian real estate market in Q3 of 2015 was the decade’s lowest, sinking by 38% y-o-y to $641 million. CBRE gives slightly more optimistic figures: $925 million and the 24.5% slump as compared to Q3 of 2014. Experts point out that the volume of investment deals in the third quarter and nine months are the lowest among the parameters of similar periods in the recent decade. In particular, the results of July-September of 2015 ar...
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