If you’re in the market for a good investment, look no further than Russia. According to recent reports, Moscow is comfortably positioned within the top 20 most investable cities worldwide, alongside frontrunners London, Tokyo, New York, Hong Kong and Paris.
People from around the world continue to invest in Moscow real estate, according to a recent report from agents Jones Lang LaSalle. In 2011, Moscow saw $8.4 billion in commercial real estate investment, nearly double what it saw in 2010.
Olesya Cherdantseva, Head Analyst at Jones Lang LaSalle, said, “Many deals planned in 2010 were completed in 2011. The share of foreign investments in Moscow grew to 40%, as investors returned to the Russian market after the crisis.”
According to Cherdantseva, Moscow and St. Petersburg are the most developed markets in Russia because of their high number of “valuable assists with high profitability.”
Topping the list of most investable cities is London, with $43 billion, followed by Tokyo, New York, Hong Kong and Paris. The top five account for a quarter of all investment. Newcomers to the list include Moscow, Sao Paulo, Beijing and Shanghai and experts expect that cities like Mexico City, Delhi and Istanbul could become part of a top 50 list by the year 2020.
Source: RT Business