Does the mortgage write down and US slow down effect Russian real estate?
The mortgage situation seems to mostly be confined to the US and has not affected Russia and the other BRIC countries as much as some have expected. While stocks have been affected, there has not been any change in demand for real estate, it has remained “steady” to slightly increasing. Looking for growth, profits and a safer harbor IBM, Boeing, Ford, Merrill Lynch, Wal-Mart and many other Fortune 500 companies along with many others are all heading to or expanding in Russia creating further demand for property. Return to top Question: What is behind the negative press on Russia? Oil and Gas. The oil and gas disputes have been settled and relationships with regional energy trading partners have dramatically improved. Russia continually has reaffirmed its commitment to energy security and no disruptions are anticipated. Oligarchs. It is true that many could have been singled out for prosecution stemming from unfair practices during the privatization of many of Russia’s assets; however s
