Russian Buyers and Investors Focus on Overseas Property

The real estate market participants know that in April they are always welcome at the traditional Moscow International Property Show. For seven years in a row aiGroup has been conducting this most important event and gathering full house at "Tishinka", Moscow; the very fact that on April 9-10, 2010 the show was held for the 14th time is already sufficient proof that the show is in demand among the participants and visitors.

In order to realize the way traveled during this time by the organizers, one has just to recall that the Property Show started in 2003 when there was no talk of booming prices and the purchase of an overseas property was looked upon either as a whim of a very wealthy man or a method of exporting the capital. aiGroup put strenuous effort in shaping the market environment and rendering the concepts of "buyer" and "investor" as something absolutely natural, and transactions with overseas real estate - as a move accessible for an ordinary person.

Olesya Zubova, an expert with the 1-property.ru portal, pointed out that already at the autumn show a general trend was the growing popularity of "affordable" offers as an echo of the crisis. Now this trend is reversing and luxury property offers are in demand again. In this connection the Moscow Golf & Luxury Property Show conducted by aiGroup at Tishinka on April 23-24 of 2010 proved a rather relevant and timely event, for it was geared towards the buyers and investors interested in luxury overseas property.

The geography of property offers has not merely expanded but radically changed too. Just 5-6 years ago people of Russia would buy immovable property mainly in Europe - Spain, France, Great Britain or Cyprus. And now Russian buyers are marching over the globe and treading all continents! Thus properties in Australia, Costa Rica, Tunisia, USA roused keen interest of potential investors. Big distances are not embarrassing for Russian buyers any longer, let alone such closer destinations as Bulgaria and Finland and also Turkey and Montenegro.

The situation has changed for many reasons: the market making, the rise of the new buyer and investor, and certainly the crisis. However strange this may sound, the crisis has had a salubrious effect upon the international property segment. The need to invest funds or just the desire to make financial resources immune to inflation forced many Russians to turn to such a reliable instrument as overseas property markets as was revealed by the Moscow International Property Show held in spring. The number of its visitors gladdened the participants as always. During two days - April 9-10 of 2010 - the show at TC "Tishinka" was visited by 7,423 interested investors. Not a single overseas property show can boast such results, meaning the real number of visitors (despite the sham figures announced by some organizers in their reports).

Preparation for the autumn exhibition session of aiGroup is already in full swing. Analysts foretell that in the fall of 2010 buyers and investors will refocus on the overseas segment of the real estate market.

© www.internationalproperty.ru

6-7 April 2012:
• XVIII Moscow International Property Show

18-19 November 2011:
• XVII Moscow International Property Show

8-9 April 2011:
• XVI Moscow International Property Show

11-12 November 2010:
• XV Moscow International Property Show

9-10 April 2010:
• Russian Buyers and Investors Focus on Overseas Property
• I Love Russia - Kim Waddoup, helming aiGroup, gave an interview for the International Residence magazine
• The spring Moscow International Property Show was a great success - comments from Participants

13-14 November 2009:
• Closing the Season. The last international property show in the autumn season of 2009 takes place in Moscow
• Last International Property Show in the Autumn Season of 2009

10-11 April 2009:
• MIPS April '09 Report