Wealthy Russian investors are showing an interest in Irish property, it seems.
Fiona O'Brien, of Irish-based international Real Estate Solutions, says she recently attended an international property show in St. Petersburg, where several investors expressed an interest in Irish property.
“At St Petersburg we had a number of requests for Irish properties and many were from cash buyers,” she said, according to the Irish Times.
Wealthy Russians are primarily interested in prestigious locations such as London, Paris, New York, but middle-class Russians are looking for affordable homes in easters and central Europe and the near East.
“The Russian overseas property market is estimated to be worth in excess of $12 billion,” added O'Brien.
More news from Ireland on IrishCentral
Log in with your social accounts:
Or, log in with your IrishCentral account:
Don't have an account yet? Register now !
Join IrishCentral with your social accounts:
Already have an account ? Log in
Or, sign up for an IrishCentral account below:
Make sure we gathered the correct information from you
You already have an account on IrishCentral! Please confirm you're the owner.
Our new policy requires our users to save a first and last name. Please update your account: