Since the beginning of this year, foreign owners have sold almost three times more real estate assets than in the entirety of 2022. In monetary terms, the volume of assets sold is estimated at 256 billion rubles. Most of the investment transactions involved assets of players who left the Russian market.
Since the beginning of 2023, foreign owners in Russia have sold assets worth 256 billion rubles. This is 2.8 times more than for the entire year 2022, according to a study by the consulting firm Nikoliers.
This year, 535 billion rubles have been invested in the Russian real estate sector; By the end of the year the figure will reach 550 billion rubles, analysts predict.
The figure of 535 billion rubles was 2.5 times higher than the annual average for the past five years and became a record. Most of the transactions were carried out in stressed assets and in assets of players who left the Russian market. 60% of the transactions were carried out with commercial real estate.
According to experts, the volume of real estate investments in Russia in 2024 will decrease to 250-300 billion rubles.
In September it became known that the Gazprombank structure had become the main candidate for the purchase of mega shopping centers from the Swedish Ingka centers.
In October, the American Hines put the Belaya Dacha outlets in the Moscow region and Pulkovo in St. Petersburg up for sale.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
