Hi Everyone,

As we talked in the previous issue of this newsletter, some real estate experts advise Russian real estate owners in Turkey to sell their residential and commercial properties over there because of the tension between Russia and Turkey (as the result there are problems with transportation, tourism, doing business, etc.). Turkish realtors might turn 180 degrees - to offer the Russian owners of Turkish properties their help with selling instead of what they were doing till now - helping the Russians with buying in Turkey.

Also, we talked about where the Russian money from those sales would go…

In December the most visited Russian real estate portal Prian published two articles on the topic: hotel owners and realtors in Greece are very much excited! The real estate experts predict a huge growth of the number of Russian tourists in Greece in 2016, and as it always happens - a huge growth of residential and commercial properties sales to the Russians will follow. The Russian tourists usually buy budget vacation properties in places they liked during their visits, while more expensive properties might require more time and consideration.

In 2014, before the ruble went down, Greece had 1.2 million tourists from Russia. In 2015 the number decreased in half as vacations became more expensive for the Russians. At the same time about 4 million Russians vacationed in Turkey nevertheless. Now for the summer of 2016 they (or at least a significant part of them) are welcomed in Greece! The hotel booking in Greece is already getting up, and the Russian buyers are sending inquiries to Greek realtors about purchasing Greek hotels as they always invest in the hotel business in the places where the Russian vacationers go in masses.

So, the experts say that Greece might absorb many of the Russian tourists and real estate buyers who will flee Turkey. Catch the wave if you are a Greek realtor or property owner willing to sell - the Russians are coming!

For those of you who are not in Greece real estate market, I'll provide news on other international real estate markets attractive for the Russian buyers as soon as I come upon the according stats.

To your best business success,

Sincerely,