This panel of FIABCI is designed to give you an overview of the Russia, Bulgaria and Ukraine as well as an in-depth look at some of the key issues within this area. Positive economic growth is forecast across the region of CEE for the year ahead.
1.Russia:
The financial crisis has changed the buying strategy.
The main factors, which today determine the demand for housing in Russia: the dynamics of economic development, the movement of prices, inflation, changes in income levels.
What’s in Russia?
Forecast of economic recovery is based on the forecast of growth in domestic demand, on the fact that citizens in the next three years will save less, spend and borrow more
Russian buyer after the crisis - Less emotional, more pragmatic.
Factors determining the choice
TOP -10 countries for Russian buyers
80% of investors from Russia are the investors who are considering purchase of foreign businesses as a mean of diversification.
20% of investors plan to move abroad in the near future and are purchasing overseas hotel business, which will bring them stable income
Russian buyers in the mirror of statistics
Main reasons for purchasing Real Estate abroad by Russian citizens
2. Bulgaria – investment climate and business opportunities- Bulgaria had a strong 2011, with high investment turnover driven by greater macroeconomic stability of the country in terms of attracting more investors for Bulgaria.
Why invest in Bulgaria?
Role of Bulgaria as FDI location has grown significantly for the last 10 years
Bulgaria is the only country in Europe with a credit rating upgrade by Moody’s since the beginning of 2010
One of the lowest business costs in Europe
The government supports specific industries under the Investment Promotion Act (IPA)
Biggest investors are supported through a priority investment scheme
Explore where investors will find emerging opportunities
Health and tourism related to healthy lifestyle – an Attractive FDI sectors
Investing in health – a strong base for new successful projects
Health, viability and longevity as future tendencies in the real estate markets;
What positives have come from the ageing of Europe.
Balneology in Bulgaria - From the remote past to modern times
Discover the latest balneological projects and investment opportunities in Bulgaria
3. Ukraine - Towards Sustainable Real Estate Market by applying the main principle of UN REM Group
How to adopt a plan of actions on the realization of the document:
POLICY FRAMEWORK FOR SUSTAINABLE REAL ESTATE MARKETS
An integrated national legal system should be established and harmonized with the existing regional and international norms for the real estate sector.
Technical reference frameworks should be set for the application of regulations in order to promote the proper functioning of the real estate market.
Legal framework for land and land use should be available at the national level.
Efficient land register and cadastre
Efficiency of services
Prerequisites for development of sound real estate markets
Sustainable financing
Transparency and advanced financial products
Property valuation
Social housing - should be considered as an integral part of the real estate market, as means to promote economic growth, urban development, reduction in housing pressure, and as a policy option to address the problem of informal settlements.
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