CBRE Research team in Russia issued 2017 Russian investment MarketView.
According to the report, Russian real estate investment market with a total of $4.9 bln in 2017 has recorded a 3-year maximum with a 9% growth Y-O-Y. To compare, 2016 investment volume totaled $4.6 bln, 2015 - $3.3 bln.
The volume of overseas investments reached $785 million in 2017 which is 16% in the total investment volume. Foreign investments recorded a 4.4 times volume growth and 12 percentage points increase compared to the 2016 historically the lowest result in terms of foreign investors activity.
Irina Ushakova, Senior Director, Head of Capital Markets Department, CBRE in Russia, commented: “Increasing investors’ activity in Russia, both local and international, resulted in a 3-year maximum investment volume growth since 2014. The most important trend in 2017 was the closed deals with international capital - apart from the global and European funds, which were well familiar with the Russian market, investors from Middle East and Asia were very active in 2017. The benchmarking, even the record deals the negotiation of which took for several years, were closed since the beginning of the year. Expected gradual economic recovery and recovery in all real estate fields became the positive signs for the market players and is expected to result in further investment volume growth.”