Saint Petersburg, the previous capital of Russia and the countries second largest commercial centre, is truly Russia’s “window on Europe”.
    Saint Petersburg is currently one of the fast growing cities in Russia, supported by a massive infrastructure investment program, including the Outer Ring Road and Western high-speed Diameter road. Gazprom (Russia’s biggest taxpayer) and the Constitutional Court have both moved their headquarters to the city. Toyota, Nissan and General Motors all have factories in the region.
    The residential real estate market has seen rapid growth over the last 5 years (+400%), with the emergence of both elite and economy sectors. The historic centre of the city also provides interesting opportunities for residential investment and income earning opportunities with rental demand from the business and tourist markets.

Kaluga is located 200km to the South-West of Moscow, and is a fast growing regional city, which has successfully attracted a host of international companies. Auto giants Volvo and Volkswagen have opened production sites here, Peugeot-Citroen and Mitsubishi are shortly to do so. SAB Miller has its main beer brewing plant here.
   The residential real estate market has already witnessed considerable price growth, and with several interesting projects to be launched soon, the market still has a lot of upside potential. Due to demand from the manufacturing sector, there are opportunities for both capital appreciation and rental income earning opportunities from investments in real estate.

Ekaterinburg is the 3rd largest city for economic activity in Russia and the capital of the countries largest economic region. Known as the “gateway to Siberia”, Ekaterinburg has direct access to a large consumer market, integrated industrial and agricultural sectors and a booming raw materials sector.
    The residential real estate market is in its sixth year of expansion, buoyed by a massive construction program for middle and business class buildings. Real estate experts highlight city centre opportunities as well as expected expansion of out-of-town housing and land plots.

Kaliningrad, a Russian region strategically located “within” Europe, has the No.1 rating for social-economic development in the North-West federal region. Kaliningrad’s economy has grown rapidly due to the fishing industry, oil and gas exports, and heavy industry, and has Russia’s only warm water port on the Baltic coast.
    Due to its geographical location Kaliningrad has plans to actively develop its tourist and recreational infrastructure. The residential real estate market has grown actively over the last 5 years and this expansion is expected to continue in the future.