According to Jones Lang LaSalle analysts, the Russian real estate investment market in the first half of 2013 increased by 31% compared to the corresponding period of 2012. As a result, the total volume of investments in real estate in Russia reached $ 3,7 billion. In the 2nd quarter, $ 1,7 billion was invested (an 8% decrease over the same period last year).
According to Olesya Dziuba, head of investment market analytics at Jones Lang LaSalle, despite the slowdown in the Russian economy and the weakening ruble in the first half of this year, the Russian real estate market continues to show positive dynamics and remains attractive to investors. “Moreover, according to the results of the 2nd quarter of 2013, there was an increase in activity in the regions, investments in non-capital cities amounted to $ 232 million, or 13% of the total volume of transactions in the quarter."
Growth was also recorded in St. Petersburg: the volume of investment in real estate in the 2nd quarter of 2013 amounted to $ 83 million (4,8% of the total for the period) versus $ 5 million (0,2% of the total) in the 2nd quarter of 2012.