Alexander Romanenko, who is president of the World Federation of Professionals Real Estate Market (FIABCI) discussed with U.S. realtor situation that has developed so far as the Russian real estate market is transparent to foreigners.
As overseas markets now the situation is favorable in terms of real estate purchase. In many states, prices fell to 1993 levels. Real estate sales are growing for the second consecutive year. Popularity of American real estate around the world and helps ease with which you can learn about objects that are sold.
But if you look across the ocean, the situation has evolved with the advancement of real estate on the banks of the Neva is quite different.
Alexander Romanenko said that we do not "success stories" in which foreigners talk about how they had bought real estate in Petersburg, she rented and revenue. This is a very important component of success.