In the first quarter this year, Russia has reached the first place in Europe in terms of the rate of investments made in commercial real estate, according to a report prepared by Knight Frank.
The agency’s experts have specified that the volume of investment in commercial real estate in Russia has reached 0,68 billion euro in this period of time. This is 229,5% more than the rate in the similar period last year.
Hungary (228,5%) is ranked second, followed by the Czech Republic (157,6%) and Spain (79,2%). A total amount of investment in European commercial property amounted to 44,2 billion euro, what is 38,3% less than the results of the fourth quarter of 2016.
A total of 12 investment transactions have been concluded in the first quarter in Russia.
