Hi,
Bought a 2 room apartment in the very centre of
Moscow 9 months ago for 118K US spent about 25K on fees and repairs and now its worth nearly 200K US..
Rented out at $400 US a week.

The process is a strange and complex system but my english speaking agent took care of everything.
Its still a very corrupt country but i think the western media…[Read more]

Hi comrades,
Living in Moscow Russia where I own 1/2 an apartment and hopefully another 1/2 early next year once we see what the Russian banks thinks about how much they will lend.
Moscow real estate currently growing at 1% per week.
Also
1 IP Ballarat
1 IP Townsville

Trying not to put all of my eggs in one basket!!!!
Cheers,
Doncossack

Hi,
Thanks everyone for their input and comments as its always good to discuss these issuses with people who deal in the industry.

My poor friends feels that he has been done wrong by…
It should be a win win situation as he should be able to rent it a little bit cheaper and in return we dont have management fees to deal with and i have a long…[Read more]

Hi,
No russia is out of the E.U and it will be a long long time before they will be a part of it. Too much corruption.

Donhcossack

Hi,
I think i can borrow against it with russian banks but the interest rates here are a staggering %12 for a 5 to 10 year loan. Sussing out any other ways to get a loan here as i dont want to eat anymore into my australian equity

Thinking about buying another one as appartments are currently rising at about %25 a year and with a rent return of…[Read more]

yeah they knew exactly what it was for..They havent got anything to do with it security wise. I guess they have all the security they need tied up in my other 2 properties in Oz.
Doncossack