Since the beginning of 2018, the share of foreign investment in Russia’s real estate has grown almost two and a half times compared to the same period in 2017.
Thus, the volume of foreign investment accounted for 44% of the total amount, reaching $390 million. This is data is provided in a study prepared by the consulting company Colliers International, RIA Novosti reported on Wednesday.
According to the analysts, this growth was due to the fact that in the first half of 2018, two foreign investors completed the transactions — Hines and PPF Real Estate, which purchased an office building in the Metropolis complex, and Leroy Merlin, which bought K-Rauta hypermarkets.
However, the total amount of investment in the commercial real estate in Russia has significantly decreased compared to the previous year, amounting to $890 million, which is two times less than in 2017.