Investment in Russian real estate market grew in the III quarter by 12%

14.10.2010 14:22
Articles about real estate | Investment in Russian real estate market grew in the III quarter by 12% The total investment in Russian real estate market rose for the third quarter of this year, compared to the same period last year, up 12% - to 1,1 billion dollars, according to a study of consulting company Jones Lang LaSalle (JLL).

In this case, it is projected that growth in the investment market could reach up to 2010 $ 4 billion.

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"Although the market is still dominated by Russian investors (77% of the total investment in the first and third quarters of 2010), the interest of foreign investors in the Russian commercial real estate market has grown significantly," - the report said.

Thus, according to the study of foreign investment amounted to 20% in the first and third quarters of 2010 compared with 12% in the corresponding period of 2009.

The report highlights that investment in Russian real estate is much diversified by sector in the third quarter.

"The biggest demand was for office segment, accounting for 36% of the total transactions in the third quarter. Many companies believe the current price level has reached the bottom of the market and acquire property for their own place and for investment purposes," - notes the report.

In addition, added to it, revive interest in commercial real estate in Russia, accounting for 18% of the total investment.

"Interest invectorov to commercial real estate, before exercise utmost to existing shopping centers ... now spread to construction sites, which is a positive signal," - are in response to words of the head of commercial real estate market analysts and investment company JLL Olesya Cherdantseva.

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