What do you guys feel about investment in Russia more specifically St Petersburg?

Considering their current economic disposition with massive growth due to oil do you feel their is major real estate oppurtunities?

True, but a little late, late meaning prices are very high right now, of course they grow futher but how much is the question, some very nice development going on in the city, be carefull of the agents in Russia, lets say I had some fun with these guys in the past (not fun really, but looking back it was), meaning their crooks, but most are bad crooks in my experance.
Enjoy Russia it's a might country and is in a huge growth stage right now.

The Russian Government has demonstrated scant regard for investors and this trickles right down to ground level.

I would'nt sleep a wink if I invested there.
Why bother when there are places with just as much potential yet 100% safer. I'd point you to East Germany out near the Polish border where prices are low, yields can be high and you benefit from the economic growth of both nations. The border has recently been completely opened so Germans and Poles can come and go as they please.

We have found Poles wanting to rent our German flats!

Honestly, I really have learned over the years that investing without safety is a non starter. Warren Buffet the worlds richest man always bangs on about not taking silly risks.

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Been investing abroad a few years. Always amazed people invest in places that produce just a few months rent per year

I am looking for international property agents in russia. Please help me. I need property agents in russia selling properties all around the world...any good ideas where to start...thanks in advance

We have in St.Petersburg grow in price since 2006 by 120%. At the moment price stay falt in some new buldings in prime locations it go up.Also the downtown price go up too but very slow.Experts say that prices will slow down and stay flat from end of this year.

Good post investy. This could almost be me posting this one. Germany is hard to beat for a variety of reasons.

prices are big per sqm, but will go on, but slower, for smaller investors, their is better safer markets to invest

Does anyone have any information on second and third-tier cities in Russia?

If prices here are still sensibly priced compared to Moscow and St. Pete's, these could be interesting now if they follow the trajectories of Eastern European markets.

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Did you have a look t properties in other Destinationa like Red Sea Specialy lot of Russians love the area

Russia!!??? No!!! Very very hight prices. and growing slowly. I am russian. I know what I am talking about. Criminal situation so bad especially in St.Petersburg