In the past few years the interest of Russians to foreign real estate markets has grown steadily. Buying property abroad is no longer regarded as a privilege only the wealthy, became almost a mass phenomenon. Contributed to this growth and well-being of Russian citizens in recent years and the increasing integration of Russia into the international processes: economic, political, educational, tourism, culture, etc. In addition, there were many relatively 'new' markets accessible to middle-class offerings - Montenegro, Bulgaria, Turkey, Egypt, etc. In many ways, the growth in property prices in these countries due to popularity among Russian buyers. The financial crisis could not affect the interest of Russian buyers in overseas property. Changed as the volume of demand and its structure: the new financial environment forced some potential customers to postpone purchases or shift to a more affordable proposition. However, other Russians, having a certain amount for the purchase of overseas real estate, have to look closely to emerging markets and higher quality proposals, hoping for lower prices. Natalia Zavalishin, General Director of "Miel Distant Property Management», says: "Summing up a quarter of 2009, we noted that the structure of demand for various foreign Russians direction has changed. There are expectations of lower prices for real estate buyers began to actively explore the market, which is reflected in an increasing number of appeals. " According to her, about 25% of customer requests came from Spain, France, 20%, 15% in Bulgaria, 12% in Montenegro, with 10% for Germany and the Czech Republic on, and 8% in various other directions. "Talking about a substantial increase in the number of transactions in these countries in I quarter it would be premature, since the interest is clearly greater than the number of concluded contracts" - adds N. Zavalishin. However, the slump in prices of real estate market has not occurred, and the beginning of the II quarter of this year showed a return to "traditional" demand. Leaders, as in the past year, have become popular with the country's inexpensive real estate, such as Bulgaria, Montenegro, and Turkey. "According to our data, - said N. Zavalishin, a distribution of interest of potential buyers on the basis of the II quarter is as follows: Bulgaria - 30%, Montenegro - 25%, Turkey - 15%, Egypt - 10%, France - 5%, Italy - 3 %, Spain - 2%, UK - 2%, other - 8%. " Natalia also noted that in the II quarter increased the number of actual buyers, in contrast to the I quarter, where the main tendency was to "study" of the market. Interest in Bulgaria continues unabated and this season. According to the "Miel DPM», the number of deals in Bulgaria is comparable with the data of the same period last year. The main difference is that the markedly decreased the average transaction value, and this is due to two factors: first, potential buyers are interested in the objects on the lower amount, and secondly, the developers are now ready to give a substantial discount. According to Natalia Zavalishin, "average value of transactions decreased compared to the previous year by 30-40%. However, the talk now about the average cost per square meter in Bulgaria would be incorrect because there is a large spread in prices for a class of objects. This is due to the fact that some developers have cut prices significantly, and others - do not reduce at all. You can navigate to the price about 950 euros per square meter of facilities located within 500 meters from the shoreline. " Montenegro is now also of interest to potential customers, and for this characteristic are the same trends as for Bulgaria - the reduced cost of facilities and the customer is interested in much more affordable objects. "Nevertheless, we estimate the level of reduction in the amounts of transactions with respect to the previous year is not so big - 15-20%", - said N. Zavalishin. Turkey is also interested in a sufficiently large number of customers and, interestingly, the value of transactions remained almost the same as last year. According to the "Miel DPM», volume reduction of the average transaction value does not exceed 5-7%. "In Turkey, the price used to be quite low, especially considering the quality of facilities, their proximity to the sea, airport, etc. You can say that the crisis is very little affected the Turkish holiday property - namely, it is most interested in our customers "- says NA Zavalishina. A fairly new trend, and all season - an interest in Egypt. Very inexpensive objects, the possibility of year-round use, the demand for rental - these factors make Egypt an attractive destination for investment. Drop in this market there, there is even a slight increase. France, Italy and Spain - three most popular western destinations. France is interesting as Paris, and even more so, a seaside region. As noted by Natalia Zavalishin - "in addition to the popular Cote d'Azur, the interest that continues unabated, and the amounts of transactions are kept at pre-crisis level, has now become a popular region Languedoc, which was proposed by us in the spring of this year. Comparable in terms of infrastructure and climatic characteristics with the Côte d'Azur, this region benefits significantly in value, because the objects located there 3-5 times cheaper than the Côte d'Azur. " Italy interested in all of its regions, among them especially attractive Calabria and Liguria. This year's "Miel DPM» offered to the market rental services of villas and mansions, and Italy has become a leader on request. Spain is now very attractive to buyers because prices are already down, in some cases by 30%, and at the same time while retaining the ability to take advantage of a mortgage loan at 4-5% per annum. In the second quarter interest in the country even though he was much smaller than I, but generally returned to quite usual for this area of the border. Recently, interest has grown in the UK. This trend before it was popular enough, but with the onset of the crisis as something of interest for a time to "freeze". Now he comes to life again, and if the earlier interest was concentrated on a fairly expensive objects, but now a demand for facilities within the 300 - 500 thousand pounds. Little interest in Cyprus, the Czech Republic, Latvia and other countries not to determine statistically the specific level of demand. Nevertheless, "Miel DPM» Notes to the objects of interest in various countries, not just to those that have been discussed above. For overseas real estate markets characterized by the concept of "seasonality." This is due primarily to the fact that the majority of Russian, and European in general, customers acquire the foreign object is in the resort areas, where life is usually easier, nicer, cheaper, more sunny days, etc. Therefore, the concept of "seasonality" is more related to this summer. According to N. Zavalishin, - "Now just a season, therefore, in our opinion, the presented data are representative of most, that is, most accurately describe the structure of demand and the direction of the interests of Russian consumers. " "Talking about some upcoming trends do not think it necessary to wait for the fall of great changes" - continues to Natalia Zavalishin. In her view, the situation is now quite clear - in some countries there is an overall decline, including the cost of real estate (Spain, Latvia, etc.), some - reduced buying activity. But there is one important factor: the actual position of the developer. If the builder is reliable, stable position, it is unlikely to substantial discounts. "Of course, considering the trends of today, any discounts or special terms are offered by many, but sometimes you should not rush into buying a home, because it may be that this masks some serious problems: not obtained a building permit, no money to complete construction and so on. It's not so many projects started and built, most of the world, slowly, but still sell well, so we advise to wait long for those who are interested in buying "- concludes NA Zavalishina.
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