In 2022, the number of Russians buying overseas real estate has more than doubled. It is reported by Kommersant with reference to data from Prian낂ru.
“The proportion of those who bought a house by the sea to go there from time to time has decreased, now many are buying housing abroad for permanent residence,” Philip Berezin, editor-in-chief of Prian.ru, quoted the publication as saying.
Most often, Russians are interested in real estate in Turkey, the United Arab Emirates, Georgia, Montenegro, Thailand and Bulgaria. Almost 20% increased demand for apartments in Spain, Italy, Portugal and Greece.
Further demand for overseas real estate can be weakened by only one factor, experts say – the fluctuation of the ruble.