Russian investors on the New York real estate scene

Russian investors on the New York real estate scene

Millions of dollars invested in buying and remodelling one-of-a-kind residences

Not all sectors of the real estate market in the United States are slumping. The sale of high-end properties to rich investors from around the world is still successful. HNWIs willing to invest in the property market of Florida and New York come above all from developing countries such as Brazil, China, India and Russia. Among these, Russian buyers are ready to spend the most to purchase luxury penthouses, oceanfront homes or trophy apartments in the US.

Over the past four years, citizens from Russia or other countries of the former Soviet Union have invested more than $1 billion in the US residential real estate market, according to the data released by US lawyers and brokers. Forbes – an American publishing and media company – has revealed that the number of billionaires in Russia and Ukraine has more than tripled since 2009.

Russian buyers are the ones with the highest budget right now and have considerable cash on hand to invest into American real estate. The great availability of cash derives from the privatisation of Russian state industries and high oil prices.

Many wealthy Russian families are interested in moving their families and their fortunes to the United States. Not only they buy one-of-a-kind apartments and houses, they also invest tens of millions of dollars in expensive remodelling projects designed by brand-name interior designers.

The interest of Russian investors in purchasing a real estate property in New York has pushed Manhattan brokers and developers to raise the prices of de luxe properties. Russian buyers usually have clear ideas about what they want – they often demand first-rate full-service residences with central park views and on-call concierge service - but they end up spending twice their original budget!

Read also:

Related Insights

  •  
    Russian investors on the New York real estate scene

    Russian investors on the New York real estate scene Millions of dollars invested in buying and remodelling one-of-a-kind residences Not all sectors of the real estate market in the United States are slumping. The sale of high-end properties to rich investors from around the world is still succ ...

Real Estate Listings

near the park, Moscow State University, MGIMO, schools, clinic, shops, restaurants
4th floor of a monolithic brick business class house. Apartment area: 193 sq.m. Rooms (4 isolated): 20.73 square meters, 26.57 square meters, 22.08 sq...
Ready site for organizing a business in the field of transport or in another direction. Large area of 5.4 hectares for the construction of any invest...
Cod. 39830

For sale Farmland, Russian Federation, Novgorod Oblast, Chudovo, Chudovo village

8,283,100.00USD
For sale
Farmland

52000000 m²
The company has no debt, no loans. All the objects, equipment and land are fully owned. There is a single owner. Should you have any questions, you ...
Cod. 39547

For sale Beach Resort, Russian Federation, Buryatia, Lake Baikal, Village Oymur

1,357,292.71USD
For sale
Beach Resort

100000 m²
Favorite vacation spot for wind surfers, their community expands annually, training for tourists is conducted. Only 120 km from Ulan-Ude, a good r...
Large villa overlooking Volga river Made from wood and brick, built in 2008 On walking distance to the village center, 15min drive to Togliatti,...
House for sale, Russia, Rostov region, Sholokhov district, Bazkovskaya village. I will sell the house urgently !!! Total area: 140 sq.m. with a baseme...
Sale by the Owner of a 2 room apartment with euro renovation in a brick 12-storey building in the heart of the resort area of Essentuki. Metric area ...
The apartment has two bathrooms, a separate dressing room with a balcony and a terrace.
Cod. 39177

For sale House, Russian Federation, Tomsk Oblast, Ribalovo, TOMSK Rybalovo

106,497.00USD
For sale
House

200 m²
Beautifull house with land. Price 90000 euro can be low if possible. House 200 mq Land 2500 mq
2005-2020 REALIGRO REAL ESTATE LTD. All Rights Reserved - VAT Nr: 893969932
Neikos Digital Agency
  1. Preferences

    For a better use of Realigro website, set your preferences for language, currency, square meters or sq ft.

    Set now Don't show again
BB