This is an interesting article from the Guardian. Check it out!
Whilst wealthy Russians have been prominent buyers of front-line real estate across the Mediterranean for some years, it is news-worthy that more modest, middle-class Russians are now keen to follow their wealthier compatriots’ foot-steps, and are looking for apartments with a sea view.
Meanwhile, in other parts of the Mediterranean, estate agents are now targeting the important wealthy Chinese market for real estate. In some places, Russian signs are being replaced with the Chinese equivalent.
It is good to see Russian and Chinese investment, it’s the start of the BRIC‘s wave of inbound investment. Whilst Europeans and Americans see European assets as risky because of the Euro crisis, others, notably BRIC’s investors are seeing it as an opportunity to buy cheaply, near the bottom of the market.
What do you think?