Quote:
Originally Posted by fier14
Agree. It's very hard to do business over there, very hard. There is a lot of red tape, conflicting laws, crooks, etc... If anyone gets involved, then I recommend to use the buy-improve-flip method,
forget about renting. you will have to be there if you want to rent.. the agents are unreliable and non trustworthy...I can go forever about Russia as I am doing some business there, but considering to pull out...
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In Russia it is hard to deal with real estate it is new market. However we had near 200% grow in prices in apartments and they still go up. In 2006 people buy apartments for 40.000 usd now they sale them for more then 200.000 usd.After all it is OK to invest into Russia but fast investment. Long investment better do in Europe.Also the key point is that it is lot of risk in Russia and for safe investment people from outside they can invest in to more safe locationes.