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Buy a Property in Moscow, Russia
Evans is a a leader on the Moscow real estate market. No matter whether you are just moving to Moscow or simply would like to explore real estate opportunities in Moscow or even already own a property, which you would like to rent or sell - Evans is the right address!
We offer a broad range of services to promote investment in Russian real estate. There are many opportunities in the current market that are quite exciting. With market growth of over 100% or more in 2006, its hard not to be tempted to become an investor. However, when making a decision about how to invest in real estate in Russia, one has to consider both risks and opportunities of each property type available.
Evans professionals will be happy to assist you throughout your whole investment cycle from identifying potential properties, acquiring and renovating them to realizing profits from rent and sale.
Buy to Rent
There are still some communal or simply unrenovated apartments left in most prestigious areas of the historic center of Moscow. Especially interesting are elegant buildings constructed before 1917 revolution. These buildings have all the features many potential tenants are looking for: high ceilings, moldings, beautiful (or potentially beautiful) entrances, old chimneys that sometimes can be transformed into fireplaces – still a rare feature in Moscow. When such apartments are tastefully refurbished, the rental income can generate 10% to 20% yearly return on your investment. Any large options close to Anglo-American school are also of interest due to lack of viable rental properties in the area.
Browse our listings for rent
Buy to Sell
There are opportunities that allow you to get return by purchasing the apartment, renovating it and reselling it. Sometimes, these are apartments that have some complications: communal apartments with multiple owners, necessity to delay transaction, delays in tenants move-out or re-registration. Renovation is also a hassle that many buyers are ready to avoid by paying a premium for an apartment, which is already renovated. Such options can give you a return of around 30%. However, just holding a property will generate you enough income due to appreciation in the fast growing market.
Browse our listings for sale
Read a New York Times article about Moscow real estate market (February 14, 2007)
Read a Moscow Times article about most popular Moscow locations to buy (July, 2006)
Read a Moscow Times article about Moscow real estate investments (December, 2005)
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