Rimontgó features in OPP’s latest Russian edition

The latest international property purchaser tends to have extremely discerning tastes, be an aficionado of fine art and equally fine wines and…be Russian!

These facts are at the heart of Rimontgó’s latest website but we’re not the only ones to notice how a new breed of Russian émigré is changing the face of European real estate. The June 2010 issue of OPP (Overseas Property Professional) Magazine features a number of articles on the subject of this new wave of Russian investors.

Rimontgó’s Antonio Ribes Bas is quoted several times in two separate articles, observing that Eastern European clients are displaying sophisticated tastes and also proposing that the shift to property investment has been caused, at least in part, by the Russian stock market being adversely influenced by the volatile oil market. Looking for a more solid alternative, this new breed of customer prefers to purchase bricks and mortar, with areas abutting the Mediterranean being especially prized.

Experts observed that, at one point, Russian customers were buying property in exotic far-flung locations such as Mauritius and the Caribbean, but more recently the warmer parts of Europe have proved the most popular, especially large frontline properties on the coast.

The European press is now aware of this new phenomenon and seems interested in documenting its movement, so we can anticipate many more articles of this nature.

Apart from the focus on Rimontgó’s emerging Russian clientele, the company was the focus of more attention as OPP featured the unique 17th century castle in Rioja that is available via its website.

Altogether June has been a good month for publicity

New post on at Friday, 25 June, 2010, 9:10 am and is archived in Property Sector, Rimontgó. Subscribe to answers with RSS 2.0 feed. Both comments and pings are currently closed.