PropertyEU

Real estate is Russia's 'new oil'

By A staff reporter 2007-05-15T00:00:00

Real estate will fuel economic growth in Russia, Cushman & Wakefield's Moscow director Sergey Riabokobylko told Bloomberg on Tuesday. 'Construction is the new economic driver in Russia', Riabokobylko said. According to the global advisor, property investors such as Russia's second-richest man Oleg Deripaska are ploughing money into the country's 'new ...

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