Fishman sees opportunity in Russia

Developers are seeking creative solutions for coping with falling property yields and rising interest rates. A solution being taken by many developers is to enter riskier markets, such as India and Russia, which have become the hot-ticket items of the day. At a conference on “Building Trends in the Real Estate Market,” held by Maalot The Israel Rating Company Ltd. and the Chaim Katzman Gazit-Globe Real Estate Institute at Tel Aviv University, Eliezer Fishman said, “In Russia, construction is expensive while land is cheap, whereas in India, land is expensive, but construction is cheap.”