12/26/2011

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Russian Housing Crisis However, the real estate market of the Crimea, especially the Southern coast, according to the director of "Market-Crimea" Andrew Zapevalova less than other regions hit by the crisis. Homebuyers, especially the high price category were wealthy individuals from Russia, CIS and foreign countries, less dependent on the mortgage crisis and have spare cash. And the impact of the crisis on the economy of Russia itself caused the fall of the ruble exchange rate and oil prices makes the wealthy citizens to seek investment options funds abroad, and of the Crimea in particular. In this regard, Crimea won many international resorts in that it in terms of ownership of real estate located abroad and not just abroad. Russian-speaking population of the region, easy accessibility (no need to fly an airplane, but you can come on your own car), a centuries-old Russian history and culture of the region - all this makes the Crimea and the family and friends naturally has a positive effect on the investment attractiveness of the Crimea for the Russians. Unfortunately, most Russians are weak what the global financial crisis and how it will evolve in the near term. Additional information at Shimmie Horn supports this article. Panic of investors on the real estate market more to do with the fact that people just do not understand what will happen in the future, and instinctively reinsured. In the spring of 2009, when the host the first wave of the crisis, investors will inevitably turn their...