At present majority of land buy and sell contracts are concluded by Russian investors in the Crimea, and foreign companies work on the peninsula via offshores.
Head of the State Committee for State Registration and Cadastre of the Republic of Crimea, Alexander Spiridonov, spoke on it at the press-conference in Moscow. He stressed that major buyers are from Moscow, Saint-Petersburg and Tatarstan. But he told journalists that he has no information about the establishers of the companies working in the Crimea.
By the way, if we compare real property prices in Moscow and Sevastopol, in 2014 the Moscow flats were 5 fold more expensive. In 2016 it is only 3fold.