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What awaits foreign real estate markets in 2016

The rumors that foreign property has become unavailable for Russians are greatly exaggerated. Many market analysts are now making this conclusion. The crisis in the Russian economy was already a tribute to contemporary realities, but, contrary to the widespread misconception, crises could not only " kill " certain industries but also increase activity in a number of promising markets. As the crisis has affected and will further affect the foreign real estate market in 2016, we will try to figure it out.

Weak companies will leave the foreign real estate market.

Strangely, but difficult times will have beneficial effects on the quality of real estate proposals abroad. Simply put, companies that cannot work in difficult and highly competitive environments will gradually withdraw from the market. This will directly affect the level of facilities and the quality of customer service. No one wants to pay for weak services even in good times, so the services of buyers will gradually go to a new level. Transaction escort, legal support, maintenance of real estate abroad, searching for potential clients to lease the facility. These services are likely to become mandatory in many companies rather than “bonus”.

Commercial facilities with stable income now at a price

In the face of financial instability, expensive commercial facilities are becoming popular property abroad♪ Yes, their profitability is far from Russian and is not calculated by tens of per cent of the year. At the same time, the principle of " hand-held " is beginning to work. It would be better to keep renting space in a German income house or to acquire a ready-to-business in France, gaining up to 10 per cent of the yearly profit prospects, rather than looking without success for tenants on a rapidly cheap Russian rental market. As a result, there is a growing demand for such commercial premises abroad. At the same time, requests are recorded not only for European facilities but also for low-cost options in “exotic” countries.

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