Russian investors in the UK are now diversifying their interests and looking to invest in asset classes including retail sheds, serviced apartments and science parks – so says a Russian property consultant.
Speaking to Property Week Alisa Zotimova, founder of AZ Real Estate, says that in the recent past Russian investors had a ‘if it’s not in Knightsbridge, don’t show me it’ mentality oriented towards putting their money into prestige homes. However, a new generation of investors is now looking to put their money into whatever property offers the best return, and they are also looking outside London and towards the regions.
Zotimova comments: “It’s
going to be an interesting year. You might be surprised where you see
Russian-speaking investors popping up, both in terms of location and asset
It is true to say that
Russian investors have conventionally tended to buy mainly London property
either to park wealth or to occupy, as well as keeping a fairly low profile for
their own reasons. If wealthy Russians are indeed now starting to invest in the
market with a serious investment eye it will be interesting to see where and in
what they put their money.