Popular countries for buying real estate from Russians in 2024 have been named

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The UAE became the leader in Russian demand for foreign real estate in 2024. In the first half of 2024, the UAE, Hungary, Cyprus and Thailand became the leading countries in demand among Russians. A year earlier, Turkey, the UAE and Cyprus were the most popular

 Названы популярные страны для покупки недвижимости у россиян в 2024 году

According to the preliminary results of the first half of 2024, the UAE took the first place among countries in terms of demand for foreign real estate from Russians. Anna Larina, director of the Department of foreign real estate at NF Group, told about this at the conference with reference to the requests of buyers who come to the company.

According to her, Hungary came in second place. Cyprus and Thailand shared the third place. France took the fourth place. Spain and Turkey rounded out the top five. For comparison, in the first half of 2023, Turkey took the first place, the UAE took the second place, and Cyprus took the third. Spain and Grenada also entered the top 5.

 Названы популярные страны для покупки недвижимости у россиян в 2024 году

Photo: NF Group

According to Anna Larina, most of the transactions in the UAE during this period were concentrated in the markets of Dubai, Abu Dhabi and Ras Al Khaimah (Al Marjan Island). Since the beginning of 2024, there has also been an increase in Russians’ interest in buying commercial real estate, villas and apartments, distress assets and new investment projects in the UAE. This trend confirms the growing attractiveness of the Middle Eastern state for Russian investors. The Russians themselves also entered the top 3 buyers of real estate in the UAE, losing out to buyers from India and the UK.

In addition, the preferences of Russians in choosing foreign real estate have changed significantly over the year, according to NF Group. According to the company, if in the first half of 2023 52% of transactions were made for their own residence, then in the first half of 2024 this figure decreased to 28%. “On the contrary, the share of transactions made for investments has increased from 38% to 72%, which indicates a growing interest in commercial real estate,” explained Anna Larina.

 Названы популярные страны для покупки недвижимости у россиян в 2024 году

Photo: NF Group

Earlier, Tranio analysts noted changes in the geography of requests from Russians to buy real estate. According to the results of the first quarter of 2024, Thailand became the most popular country for buying real estate abroad, accounting for over 17% of demand. For comparison, in 2023, the UAE was the leader. Experts noted that the UAE and Turkey continued to lose their positions among popular countries for buying real estate in 2024. At the same time, Russians’ interest in Asian countries, especially Thailand, has increased markedly.


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