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Gordon Rock has assessed the volume of the market of foreign real estate

12.02.2010
Homesoverseas.ru editorial office
172
February 10 at the Holiday Inn Lesnaya was a press conference organized by the International Agency Overseas Property Gordon Rock , together with the analytical center "Indicators of housing market IRN.RU». Experts summed up the results of Russian buyers of foreign real estate activity in the market in 2009 and shared his predictions for the current year. "The past year has shown that the interest of Russians to foreign real estate has not disappeared even under the influence of the crisis. - Said President Gordon Rock Stanislav Zingel. - Since the market volume in monetary terms amounted to $ 10.8 billion, an increase of 10% for the full year 2009, less than in 2008 and is not critical in nature. The average purchase price was $ 210 000. At the same time, experts forecast Gordon Rock. market growth in 2010 to $ 12.5 billion, ie 15%. In general, according to Gordon Rock, the past year has shown a lot of changes in the structure and nature of the demand for overseas property among our countrymen. Thus, the 15 most popular among Russians leading countries remained the same - except for Israel, which in 2008 was not included in the top, and Croatia, which, on the contrary, in 2009, out of it dropped, but a place in the rating significantly changed: 1 Bulgaria 2 Montenegro 3 Germany 4 Spain Czech Republic 5 6 7 USA Cyprus Egypt 8 9 10 Finland 11 Italy 12 Turkey Israel Greece 13 France 14 15 Portugal Managing partner Gordon Rock Boris Egorov noted increase in the proportion of buyers from Russian regions. St. Petersburgers and inhabitants of other regions of Russia (especially megacities) some "pushed" Muscovites.
Commented Sergei Krymov, the chief editor of Homes Overseas: Rating, compiled by Gordon Rock, deserves attention as yet another attempt to place the country on the degree of popularity in the long line. Similar ratings were compiled and drawn by different companies on the basis of various data, therefore, as a rule, differ markedly from each other. All of them have in common only one thing - the continued primacy of Bulgaria. Here are some other ratings: - Magazine Homes Overseas (based on search queries Yandex) http://prian.ru/inforeal/16792.html - Portal PRIAN (based on appeals to its own database) http://prian.ru/news /15377.html - DOKI the Company (based on their own data) http://www.rian.ru/crisis_news/20090708/176660859.html However, to assess the volume of the Russian real estate market, few risks, I do not remember that to Gordon Rock someone then I call specific numbers. The fact is that to collect statistics about Russian real estate transactions abroad is simply impossible, because in most countries there is no public data on purchases of property by foreigners. It is not easy to do, and indirect estimates: many transactions are carried out and
sklyuchitelno with foreign counterparts, and have no "Russian trace", besides often buying is not done by the Russian citizens and their established foreign company. The methodology of calculation of Gordon Rock was announced extremely vague, and these data are unlikely to qualify for any accuracy. Absolute figures ($ 10.8 bn. In 2009) appear repeatedly overstated. If we divide the volume of the market on the value of the average purchase (both by Gordon Rock estimates), we get about 51 000 transactions per year - or 6 purchases per hour. Of course, it is absolutely unrealistic figures. So, in the very successful for the British real estate market 2007, Savills Research has estimated the total number of British shopping as much as 35 000, and the total volume of transactions as a 5.6 bn. Pounds (less than $ 10 billion.). But in those years, in most markets was dominated by the British and made up 70-90% of all foreign purchases. Apparently, the market volume in need of more accurate estimates, which are based will be based on clear and transparent methodology. While these methods do not have any estimate will be from the category of "the mark".
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