Thursday, 15 October Cyprus Nicosia +19°
News

Russians interested in overseas property

Russians interested in overseas property
Photo: illustrative photo · Cyprus Inform

Russian citizens are showing increased interest in investing in foreign commercial real estate – cafes, restaurants, public catering companies, car showrooms, petrol stations, hotels, sports clubs and fitness centers. Annual income from such investments is normally around 5-10%.

For Russian investors the most attractive countries today are Germany, Spain, the UK and Cyprus.

Only few years ago, investment enquiries received from Russian citizens accounted only for 10 % of the total number of investment requests. This year the number has doubled within first three months.

Breaking Cyprus news on Telegram Subscribe to be the first to know about the island's key events.
Subscribe
How this material was prepared

This news item was generated automatically by Cyprus Inform from publicly available materials. Report an error →

Leave a comment