‘In spite of the crisis Russians buy up Montenegro coast’, reports New York Times. Wealthy Russian citizens burst into the international real estate market and purposefully buy up expensive property from all over the world. 
The slowing of the economic growth rates has warmed up the Russians interest to real estate investments. In one of the last articles of the journal Overseas Property Professional the fall of the Russian Trading System index (the overall index of the Russian shares cost) on 75%, which makes Russian shares “the cheapest among the developing countries”. 
The Russian stock market can hardly be defined as a reliable one. Low oil prices spoil the business activity index, in spite of the government support. Aleksey Konovalov, the editor-in-chief of Prian.ru – the leading Russian portal about the real estate abroad, commented on the current situation, noticing that in worrying times people think of a more reliable way to invest their money – for example, to invest in real estate. 
The investments in the Russian real estate will not only cost a bomb but also are connected with some risks. Analysts believe that the house prices in the biggest cities, such as Moscow and St. Petersburg, have risen to the unprecedented amounts and in some segments, supply exceeds demand. The instability of the home stock market in combination with the fear of the housing market weakening made wealthy Russians go abroad in search for a “quiet harbor” for the investments. Aleksey Konovalov expects that the Russian interests in foreign real estate will become stronger in the future.
The majority of Russians are interested in European real estate because it is relatively close from Russia. Those who want to buy something rather far off, for example in Egypt or Thailand, are not very multiple. However, their number can increase because of the credit rating fall in some countries of the Eastern Europe. Prian.ru publishes the top ten countries that are the first in the number of guests’ inquires. They include:

1. Bulgaria–14,53%
2. Germany–8,02%
3. Finland–7,87%
4. Spain–7,85%
5. USA–5,19%
6. France–4,78%
7. Czech Republiс – 4,61%
8. Italy – 4,33%
9. Egypt – 3,17%
10. Turkey – 3,00%

A great increase of interest in Thailand is worth noticing. In Cyprus, a seasonal sales slowdown is observed. 
There is no doubt that the increase of the buying activity of Russians at this market is a part of a more large-scaled relatively new trend. The improvement of the country general wealth leads to the emerging of new millionaires and billionaires. It is developing in Russia, India and China like in nowhere else. The variety of the foreign real estate buyers keeps increasing because any dikes have burst in the face of irresistible wealth charm.

Provided by Prian.ru