Russian bear with a rumbling stomach

There are two facts  about the Russian real estate market that everyone seems to agree on: that it is concentrated in Moscow and that it has huge potential Emil Górecki  Until recently, the general opinion about Russia was harsh: that it was a poor, corrupt country not worth investing in. But today Russia is shaking off this image and building its economy through exports of crude oil, gas and other raw materials, and many global corporations are taking note of the possibilities forgrowth in the country. Such companies arrive in Moscow and  immediately cause property prices to increase, which is one reason why the capital is among the world’s most expensive cities. ‘Only’ 15 to 20 regions (mainly in the west and south of the country) have anything to add to the Russian real estate market, from among the 70 territorial units - states, regions and autonomies. ‘Only’, because more than 40 mln people live in their largest cities. In 2007, these regions at