Russian millionaires are returned to the U.S. real estate market. Russians at the hands of the fall in U.S. housing prices and rising exchange rate against the dollar.

Many today are considering a transaction on the U.S. real estate market as extremely attractive, - said Edward Mermelshteyn, a lawyer, organized in 2007, legal support of more than 300 purchases of housing in the United States by citizens of former Soviet republics.

According Mermelshteyna over the past three months it had closed two acquisitions and participated in the auction for another 20 residential and commercial real estate in New York and Miami. His clients were the Russians and people from central Asia. In doing so, emphasizes the lawyer, in January purchases were not at all.

Prices for apartments in Manhattan fell in the second quarter of this year for the first time since 2002, a rate of the ruble to the dollar since February of this year grew by 13%. In the Los Angeles Housing cheaper compared to last year at an average of one billion dollars. This is the first such decline recorded over the past 13 years.

sellers of real estate to reduce prices by 30-40% compared to 2007, said Mermelshteyn. The expert says that last month closed the deal at $ 1 million and $ 3.8 million in New York, but did not disclose the names of buyers.

number of transactions on sale of real estate worth more than $ 10 million in 2009 fell by 82%, while the average price of housing fell by 29% compared with the second quarter of 2008

interest of Russians to the U.S. real estate reflects the current state of affairs in the world. Prices for elite housing in London in June increased for the first time in more than a year. The reason for this was the growth in demand of buyers from Russia and Italy, who decided to take advantage of the weakness of the pound rate.
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Russians buying property in London, including because the sooner this is done oligarchs Roman Abramovich and Mikhail Fridman, said Mermelshteyn. This is a great marketing tool, - explains his point of view of a lawyer.

At the same time, after several months of falling in most cities in Poland in June, the experts noted the stabilization and in some cities, even the growth in housing prices.

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