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Volume of investment transactions on Russia's real estate market reaches $4,2bn

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Volume of investment transactions on Russia's real estate market reaches $4,2bn

In the fourth quarter of 2016, the volume of investment transactions on Russian market amounted to $1,1 billion, JLL press office reports on Thursday.

This figure is 67% higher than it was in the similar period in 2015, when the volume of Russia's investment transactions totaled $657 million. An average indicator for the year 2016 increased by 74% in comparison with the previous year, up to $4,2 billion.

“Growth of oil prices and strengthening of a ruble currency significantly decreased uncertainty on the market, what, in its turn, positively affected investors' sentiments. As it was the case after the crisis between the years of 2008 and 2009, the sector of investments in real estate was the fastest to respond the positive trends in economy,” the company representative said.

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