Experts at Savills, an international agency for the sale of the luxury real estate, reported a surge in demand from South Korean nationals for elite housing rental in the Russian capital.
This was reported on Wednesday by Interfax news agency with reference to the company's press release. Its specialists have found out that this trend has a direct bearing on the growth of investment and the increasing presence of Asian businesses in Russia.
As the company noted, South Korean businessmen have always been active in acquiring elite real estate but now this has become particularly obvious. The study shows that the maximum number of requests for the purchase of elite real estate was recorded in March this year, with a third of applications being filed by Russian citizens. The most popular housing in this segment is estimated at about 250,000 rubles ($4,3 million) per month.