European markets appeal to Russian buyers

Russian property investors are continuing to purchase property in other European countries, a media report has said.
According to Russia Profile, many overseas buyers are choosing to enter the Spanish flats & houses property market, while Cyprus has also proved to be a popular choice.
The news provider attributed their popularity to several factors, such as the good infrastructure in these countries, as well as the safety and quality of the property itself.
In addition, the markets were praised for offering affordable house prices, meaning that many considered a foreign purchase better value for money than an investment in Russia.
The news portal added that these countries were popular with different groups of people, including both middle-class buyers and "super-wealthy" Russians.
According to a recent study by Yorkshire Bank, many prospective buyers want to enter the Spanish property market in order to enjoy its warm weather. (warmer than Russia)

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