Russia became the leader in Europe in terms of real estate investment growth in the first quarter of 2017. Investment in this segment increased by 229.5% compared with the same period of last year and reached EUR 0.68 billion, the international consulting company Knight Frank said in an analytical report.

“Interest in the [Russian] market is picking up among new players from Asia and Middle Eastern funds that were not previously represented on the market. If exchange rates remain stable, it is highly likely that by the end of the year there will be several major deals involving foreign capital, which will undoubtedly provide a positive impetus to the market as a whole”, said Alan Baloyev, Director of the Knight Frank Financial Markets and Investment Department.