MARKET OVERVIEW

The demand for international real estate and for residency and citizenship by investment programs in Russia stays very high. Russia is among the top three immigrant source countries, alongside China and India, and the share of Russian capital in the world real estate market is steadily growing.

Russia also remains one of the top countries in the number of high net worth individuals (HNWIs). Symmetry can be seen between HNWI growth and applicant numbers to global investor migration programs, suggesting a correlation between growing private wealth and the demand for alternative citizenship and residency. The international real estate market sees more transactions as private wealth grows.

RUSSIA

  • Russia has 182,000 high net worth individuals (HNWIs) who collectively control US $1.027 billion.
  • In 2018, Russian private investment in real property overseas increased by 14% compared with 2017.
  • 83% of HNWIs from Russia and the CIS invest in real estate in Europe.
  • In 2015, 646 foreigners obtained Maltese residence, of which 258 (more than 40%) were Russian.
  • Germany, Great Britain, and Cyprus enjoy the greatest popularity among citizens of CIS countries looking at acquiring properties worth €1 million or more.
  • In 2016, immigrants favored the USA, Germany, Canada, and Finland.
  • Russians favored Germany, Italy, Cyprus, Switzerland, Austria, and Great Britain as investment countries.
  • In 2018, demand for international real estate among Russian nationals rose by 23%.
  • Cyprus has 40,000 Russian-speaking residents.
  • In 2015, more than 200,000 Russian nationals emigrated.
  • More than 800,000 Russian-speaking immigrants reside in the USA, of which 200,000 are based in New York.

GLOBAL TRENDS

300 000
Every year, more than 300,000 nationals of Russia, Ukraine and Kazakhstan migrate overseas.
$700billion
In 2017, worldwide real estate transactions totaled US $700 billion.
27%
In 2016, the share of private investments in real estate worldwide reached 27%.

Data sources: Eurostat, Knight Frank, Immigrant Invest, OffshoreWealth, Full Fact, World Wealth Report.

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