JLL: Investment in Russia’s real estate jumps 74% in 2016

MOSCOW, Jan 12 (PRIME) -- Investment in Russia’s real estate jumped by 74% to U.S. $4.2 billion in 2016 as oil prices strengthened and the ruble followed, consulting firm JLL said in a statement on Thursday.

In October–December 2016, the number of deals soared 67% on the year to $1.1 billion, the company said.

Investment in real estate was the fastest to respond to the general positive trends in the economy, similar to times after the 2008–2009 crisis. Expectations of a further increase of the ruble also supported the market.

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