MOSCOW. (RIA Novosti economic commentator...
Now experts are pointing to the Russian property market as a good place for investors to put their capital. The commercial real estate market is considered to be the best option.
In 2006, deals involving office space in Russia made up almost one-quarter of all transactions in eastern and central Europe. In 2007, experts predict that the value of the Russian residential and commercial property business will leap to 11 billion euros. An investor's profits from real estate operations, depending on the type of investment, could vary from 8.5% to 35% per year.
In 2006, investment in commercial real estate worldwide totaled $643 billion (487 billion euros). According to Cushman & Wakefield, a real estate agency, they rose by one-third last year to a record high. The agency forecasts that world investment in real estate will grow in 2007 to $681 billion, with half of it in Europe.
European property has been described as the best investment opportunity compared
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