Real Estate
By Svetlana Kononova, Special to Russia Profile
for sale ranges from cheap German flats (€25,000 to €70,000) to luxurious Mediterranean villas and European castles worth many millions. “We have noticed that the market has polarized during the crunch,” Alekseeva said. “For example, there are two kinds of properties in Germany that are most in demand: the cheap flats in Berlin, Stuttgart and other big cities, where property prices tend to grow, and the elite villas in Bavaria and the Baden Baden area surrounded by the beautiful countryside, lakes and mountains, which cost from €1 million to €2.5 million.”Julia Titova, the head of the international department at the Moscow-based Best Nedvizhimost estate agency, marks the same trend. “There are two basic groups of customers,” she said. “The first group is interested in apartments costing €50,000 to €200,000 or in houses with prices from €150,000. But the second group has totally different
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