80% of transactions in foreign real estate are made for investment purposes

25.10.2010 14:21
Buying real estate abroad, as a second home for personal residence, the Europeans have gone by the wayside, and 80% of deals with overseas property perpetrated by Europeans or solely for investment purposes, or for schemes which allow to combine the receipt of rental income with the possibility of a personal residence 2 -4 weeks a year.<br /><br />This is reported by analysts of international real estate agency Gordon Rock up to participate in a leading international investment exhibition of residential real estate «The Property Investor and OPPLive 2010" held on 14-16 October in London.<br /><br />This shift in preference of Europeans from foreign property "for life" to the real estate "investment" easy to understand - Experts estimate that the average European, which has a resort real estate abroad, living in a foreign "second home" on average no more than 1 week a year.<br /><br />Russian buyers of foreign real estate as long as more focused on the acquisition of real estate "for life". Although the general European trend is reflected in a change in motivation of the Russians who buy real estate abroad.<br /><br />Every year the percentage of Russians who commit the purchase of foreign property is "investment". Experts estimate that in 2010 approximately 25% of transactions with foreign real estate is made by Russians for investment purposes.<br /><br />It is no accident that the exhibition of investment property in London so often you could hear Russian spoken - to potential investors from Russia and CIS countries in this year's show was much more than last year.<br /><a href="https://www.zagorodna.com">www.zagorodna.com</a><br /><br />
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