By Svetlana Kononova, Special to Russia Profile
While Russian customers used to choose key-ready real property in the UK, nowadays more and more of them are prepared to rebuild and redecorate their new homes using the services of local design bureaus.It is difficult to say how much exactly Russians spend on buying real estate abroad. Buyers try to keep their purchases confidential; some of them carry out transactions through corporate bodies they own, rather than in person, and others use complicated payment schemes involving foreign banks. However, a figure of around $10 billion spent on overseas properties in 2009 seems realistic, according to experts. Agencies say that Russians account for up to 30 percent of elite overseas properties. In the middle-priced and low-priced segments of the West European real estate market, buyers from Russia and the former Soviet republics are less notable, in comparison to those from the United States, India and the Middle East.
The choice of countries and properties available
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