14 June 2012
The UK based property developer looks to tap in to the substantial overseas investment market as Russians are increasingly looking to overseas real estate for investment opportunities following the recent Putin election victory.
As many feel that reforms are likely, citizens of the country are beginning to opt for foreign investment deals rather than rely on the Russian banking system, according to Mike Bridge, the editor of International Residence magazine Russia's leading overseas property magazine.
Mike Bridge said: “Most Russians do not have mortgages resulting in substantial disposable income to invest in real estate abroad. Russia is home to more than 1 million so called “mass affluent” with up to $425,000 in cash assets.”
“Russians are benefiting from good salaries and growing economy and low cost of living, so they have funds, but do not trust the future now the Putin regime is back in power. Overseas real estate is seen as a safe haven and traditional areas such as the UK are seen as a good investment."
Mike Bridge added that the Russian overseas property market is now estimated to be worth in excess of $12 billion (£7.4 billion).
Charlie Cunningham, chief executive of FreshStart Living said:
“We are very keen to start selling FreshStart Living properties in Russia to take advantage of the growing interest in overseas property investment there. We have hired a Russian speaker which will improve communications and we are currently seeking partners and agents to help market our properties in the country.”
“The Russian overseas property market is massive and we are sure that our student and residential buy-to-let properties will be very attractive to the Russian investors.”
FreshStart Living specialise in developing affordable residential and student properties in the UK which are sold on as buy-to-let property investments to investors all over the world.
It is thought that these fully managed property investment opportunities starting at just £29,950 will be of particular interest to Russian property investors.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/6/prweb9593257.htm