Russian investment at its lowest in decade
Investment & financeschedule 30 September 2015
RUSSIA After three quarters of the year, the investment volume on the Russian real estate market stands at USD 1.72 bln, which is 35 pct below the same period last year and almost 15 pct below the same period in 2009 – the peak of the global financial crisis, according to JLL.
The third quarter of this year was also weak, with total investment volumes of USD 641 mln, that is, 38 pct less compared to Q3 2014. “The third quarter is typically a quiet one, nonetheless, falling oil prices, question marks over Chinese growth and the shift in central bank policy to allow for a weakening ruble, have pushed volumes down to levels that are the lowest in a decade,” says Tom Mundy, the head of research at JLL in Russia and the CIS. Yet JLL maintains that it expects USD 3 bln
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