Tuesday, October 18, 2011

Russian buying America

Most of the Russians, look overseas property, they want to invest in Bulgaria, America and Montenegro. As explained by realtors, these markets as a result of the crisis "sunk" and most of all in the future will show a remarkable growth. Buy now apartments in Sunny Beach or anywhere in Florida at the price of capital Khrushchev really tempting. But is it profitable, as vendors try to convince us? Buy now or wait - guess potential buyers. And the Realtors have a ready answer: more lucrative offers in the future will not be. Who is right, it turns out in early autumn, when the experts will sum up the summer season "sales." However, some predictions can be made now. According to the company's real estate Gordon Rock, in the I quarter, most applications for the purchase of real estate accounted for Bulgaria. - Our countrymen understand this country. The symbolic language barrier, cheap flights, a very simple procedure for obtaining visas, accommodation from 500 euros per square meter - all this attracts Russians, - says Stanislav Zingel president of the agency. From the beginning, the prices of Bulgarian real estate decreased by 20-25%. But at this discount can only rely buyers in large industrial cities. But the "coastal" property lost in the price of only 5-7%. Should we expect a further fall? Looks like it. - No clear predictions on the restoration of the real estate market in Eastern Europe do not yet possible. Therefore, if we are talking solely about the speculative interest, it is best to wait a little, - says the analyst of the Criminal Code "Finam Management" Maxim Klyagin. Here are the overseas real estate decline, seems to be nowhere. Impasse. - Since the beginning of the crisis market dipped twice. But now the decline is over and investors from around the world once again interested in America. Curiously, the legislators of this trend are the Russians, while Englishmen were generally ahead of the rest, - said Zingel. Most of all our compatriots enjoy the warm Florida. Today it accounts for every other application on the selection of real estate, and by year-end forecast of Realtors, the Russians can become leaders among foreign buyers in the region. Thus, proposals to Miami start at $ 110 thousand in second place - California. The average home price in Los Angeles has fallen for two years with $ 525 thousand to 319 thousand of similar price has not already been, perhaps, a couple of decades. But Israel is among the five most popular countries do not hit, but, as we are assured realtors that work shortly. Indeed, after Jerusalem abolished visa requirements for Russians, the number of transactions committed by our countrymen, increased 2-fold. And this is just the beginning. By some estimates, up to the end of 2009 more than 200 thousand Russians have become real estate in the Holy Land. Curiously, the sellers of real estate abroad manage to sell it, even when frozen mortgage programs. And all because the developers have come up with to implement housing through interest-free installments. In Bulgaria, the same many developers lend buyers a zero rate for two or three years. However, even on such attractive terms and conditions of our compatriots makes sense to bargain and ask for "crisis management" discount. Also, when buying an apartment or house should carefully study the contract - if there are any additional fees, etc. Requires separate consideration the issue of taxation in each country. As told to "News" is one of the market participants, the Russians differ some confidence, when choosing accommodation overseas. But buyers of real estate yourself anyone to hold. So part with money only when convinced that just will not lose. So, since February this year in the housing market boom began in London. As the company Knight Frank, for the first time in the past 18 months have not only increased the number of transactions, but also markedly increased the price - thanks largely to buyers in Russia. - But the start has been made by Americans and Europeans. For them, due to weak current rate of sterling property in the UK fell by a factor of 2. And our fellow citizens just picked up this trend - explains the director of overseas property Knight Frank Elena Yurgeneva.

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