Central Bank recorded the growth of Russian demand for the purchase of foreign real estate

The amount of cross-border transfers from Russia in 2018 amounted to $ 37,062 million, according to data from the Central Bank of Russia. Compared with the previous year, this figure increased by 18.4%. The amount that the Russians spent on the purchase of foreign real estate, also increased – by 12.3%. This amount is $ 1,234 million, or 3.33% of the total volume of transfers. The growth of cross-border transfers from Russia in order to purchase real estate has been marked for the second year in a row. As in 2017, the volume of cross-border transactions began to show active growth in the third quarter of the year. Continue reading →