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Russian real estate investment market: investors continue to tread carefully

In H1 2014 Russian real estate investment volumes decreased by 59% compared to the same period of the previous year, with total investment volumes at USD1.4bn, according to JLL analysts’ calculations. This number includes Q2 investment volume of USD842m, down 36% YoY and Q1 investment volumes of USD545m, down 73% YoY.“The slowdown in the Russian economy, exchange rate volatility, uncertainty in Ukraine combined with international sanctions against Russia were main concerns amongst market players”, Tom Mundy, Head of Research, JLL, Russia and CIS, noted. “Investors remain cautious which is driving down investment volumes relative to 2013.”

In Q1-Q2 2014 investments into the office and hotel segments dominated the market, account...[…]