By Andrei Skvarsky.
A 2016 survey by Moscow-based property broker Tranio suggests that, among Russians and other Commonwealth of Independent States (CIS) nationals buying real estate abroad, the proportion of those doing this as a form of investment has grown significantly since 2014.
According to a report by Tranio, 27 per cent of real estate agents questioned by the broker in the poll said investors were one of their essential buyer categories. This was a rise of 10 percentage points from the proportion shown in a Tranio survey for 2015.
In the 2016 survey, its sixth annual study of Russian and CIS property investment abroad, Tranio interviewed 269 real estate agents with operations in 32 countries in Europe, Asia and the United States.
Meanwhile, 16 per cent of respondents in the 2016 survey as compared with 29 per cent in 2015 said investors were a rarity among their Russian and CIS customers.
The majority of Russians and other CIS nationals investing in real estate abroad are business owners, according to Tranio’s report.
The chief motivations of Russians and other CIS nationals for real estate investment abroad are political stability in the target country, anticipated property price growth in it, and the possibility of obtaining residency there, Tranio said.
Tranio currently has 110,000 property listings in 65 countries. It has offices in Bryansk in Russia, Barcelona and Torrevieja in Spain and Freiburg in Germany besides its Moscow headquarters.
The company borrows its name from that of a loyal and smart servant in Shakespeare’s play “The Taming of the Shrew”.