(PRWEB) March 21, 2011
Recognition of the importance of the Russian international property market and the opportunities it provides real estate companies with is constantly increasing. As stated by AIGroup, the organizer of the Show, the geographical variety of the offers not just expanded, but has completely changed.
A mere 5-7 years ago, the Russians would mostly purchase European properties, choosing destinations as Spain, France, UK and Cyprus. Now Russian buyers have taken a liking on more exotic and exclusive destinations. For example, 2010 exhibitions have shown strong interest in Thailand, as well as in Brazil, Central America, Balkans and Africa. A discerning characteristic of Russians buyers is that distance does not perplex them.
The economic crisis has worked in favor of the real estate market, as people look for safer investments. "On can hardly trust in the Russian stock market. Low oil prices ruin all the business indices in our country despite the formidable government aid. People think more about solid investments, such as real estate", said Alexey Konovalov, the editor-in-chief of Prian.ru, the leading Russian overseas property portal.
It is no wonder that Russian buyers are increasingly willing to invest in Brazil, as it represents one of the most profitable real estate markets in the world - if not the most, as stated by Sam Zell, the billionaire real estate mogul. Simon Rubinsohn, chieft economist of RICS, Royal Institution of Chartered Surveyors, noted that there has been "solid growth" in the real estate industry in Latin America. As property appreciation rates remain more than attractive - in February Rio de Janeiro surpassed Manhattan and now has the most expensive commercial real estate in the Americas and fourth in the world -, rental expectations in Brazil are also positive in Q1 and Q2 of 2011. Demand from tenants is steady and strong and the availability of space has dropped in the last few months. This, affirmed Rubinsohn, will cause rental prices to increase.
One of the main principles followed by the organizers of the Moscow International Property Show is that only a specialist who operates on a certain market can represent it. LPS Real Estate has an extensive network of partners in the main Brazilian and Uruguayan regions, in which it offers a diverse catalogue of properties, from more affordable apartments to luxury front sea villas. LPS Real Estate thus, fits the exhibition's purposes, of enhancing the trust of participants in the show itself and in each other.
As well as representing LPS Real Estate in Brazil, LPS Incorporaçoes acts as a contractor. It's latest development, Villa Dell'Acqua, is being built in a scenic front sea location in Canasvieiras, Florianópolis - one of the most sophisticated regions in the Brazilian coast. Florianópolis is the second main destination of foreign tourists in Brazil, after Rio de Janeiro, and its property market one of the most profitable, with yearly appreciation rates of above 20%. This excellent real estate market will be personally introduced by LPS Real Estate to interested clients on the second week of May, during a 7-day investors' trip to Florianópolis, in which clients will be visit the best real estate investment opportunities in the region, as well as the city of Florianópolis and a sample of its 42 beaches, in order to show investors that the region represents not only profitable investments, but also an incredibly beautiful environment and high quality of life. Thorough legal assistance will be provided during the trip via meetings with lawyers. The agency's representatives will also assist participants in obtaining the necessary documents in order to purchase property in Brazil.
The stand number in which you will find LPS Real Estate in the Moscow International Property Show is 128-2.
To know more about our participation in the Moscow Show or the Florianópolis investors' trip, please contact Emiliano Ramos, managing director for LPS Real Estate.