After the victory of Trump, Russians are more willing to buy real estate in the US
The victory of Donald Trump in the US presidential election spurred the American real estate market. In any case, among wealthy Russians, interest in buying luxury real estate increased by 35%, CNN reports, citing consulting agency Knight Frank.
Analysts say that rich Russians are primarily interested in vacation homes, as well as real estate for the sake of investment. The amount of investments ranges from $ 500 thousand to $ 5 million. Only 10% intend to purchase commercial real estate.
Traditionally, two cities are in greatest demand among Russians: New York and Miami. “Several of our clients are interested in the opportunity to purchase apartments in Donald Trump’s projects,” says Marina Kuzmina, head of international sales at Knight Frank Russia.
Experts explain the enthusiasm of potential buyers by the fact that after the victory of Donald Trump, Russians are optimistic about the future of Russian-American relations. However, even before this, Russians invested quite actively in American real estate and even set records. In particular, Ekaterina Rybolovleva, the daughter of Russian billionaire Dmitry Rybolovlev, purchased the most expensive apartment in Manhattan for $2011 million in 88. And Rybolovlev himself purchased a house in Palm Beach for $95 million. By the way, the seller was Donald Trump.
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